Adeyanju Deji, a prominent political activist, recently voiced sharp criticism of Aliko Dangote on his verified Facebook account. Deji labeled Dangote the “Parasite in Chief,” attributing significant economic difficulties to Dangote’s business practices and the substantial support he allegedly received from the Nigerian government.
In his post, Deji claimed that nearly 70% of Nigeria’s total foreign earnings were allocated to Dangote at a highly favorable rate to facilitate the construction of his private refinery. According to Deji, the Central Bank of Nigeria (CBN), under Governor Godwin Emefiele, provided Dangote with foreign currency at an exchange rate of N200 per dollar, far below the market rate, to support this project. Deji argues that this preferential treatment has allowed Dangote to amass substantial wealth at the expense of the Nigerian economy.
Despite Dangote’s recent assertions that he received no incentives from the government, Deji maintains that Dangote’s businesses have been heavily supported by government policies and resources. He expressed frustration over Dangote’s perceived disregard for the broader economic impact of his ventures, accusing him of insulting the intelligence of Nigerians by denying the substantial government support he has received.
Deji’s comments reflect a growing sentiment among many Nigerians who believe that the country’s economic policies disproportionately benefit a select few, while the majority of the population struggles. His remarks have reignited debates about economic equity, the role of influential business magnates, and the effectiveness of the CBN’s policies in fostering sustainable economic growth….Seë_Morë