If We Didn't thank Dangote for what he has done, we should not condemn him

According to Daily Post, The 16th Emir of Kano, Muhammadu Sanusi II, has stated that Alhaji Aliko Dangote should not be blamed for purchasing dollars at lower rates while building his refinery, as those were the rates the Central Bank of Nigeria was offering at that time. Sanusi made his remarks in the SOP Chat Group, expressing his view on the ongoing debate about Dangote's financial practices.

Sanusi emphasized that his comments were prompted by the need to address certain misconceptions. Despite his reluctance to engage publicly on such matters, he felt compelled to clarify the situation. According to Sanusi, the allegations against Dangote for benefiting from favorable exchange rates were unfounded, as these rates were uniformly available to everyone at the time.

Sanusi further highlighted the significant contributions Dangote has made to the Nigerian economy. He pointed out that Dangote's investments have brought about structural changes, challenging multinational corporations and the rentier system. These investments, according to Sanusi, have added substantial value to various sectors of the economy.

Moreover, Sanusi addressed the recurring stories about Dangote receiving preferential tax treatment. He noted that such claims lack evidence and clarity. Sanusi questioned whether the alleged tax benefits were exclusive to Dangote or part of broader incentives aimed at encouraging investment in specific sectors or pioneer industries.

Sanusi's statements aim to provide a more nuanced perspective on Dangote's business practices and contributions. He underscores the importance of recognizing the positive impact of Dangote's investments while urging a more evidence-based approach to discussions about his financial dealings.

He said: But as a nation, if we do not thank Dangote for what he has done as an African to deal a hammer blow to multinationals and the rentier system and for structural change in this economy through value added in various sectors, we should not condemn him.

“Also, we tend to repeat stories without evidence. We hear about Dangote getting favourable taxation but no one has said what this tax is, if he got it alone or if it was offered to a sector or to pioneers, and if such a practice is in fact normal to encourage investment.”

From Opera News