Tonye Cole Warns Against Monopolies in Nigeria, Advocates for Competition
Former governorship candidate, Tonye Cole, warned against allowing monopolies in Nigeria, citing the dangers of stifling competition and economic growth. Cole criticized the trend of businesses, like Dangote's, moving towards monopolistic control in various sectors.
He emphasized the importance of competition for national and business development, highlighting the benefits it brings to citizens. Cole specifically mentioned the trade dispute between Dangote Refinery and NUPENG, underscoring the need to prevent monopolies, especially in critical sectors like oil.
His statements reflect concerns about the potential negative impact of monopolies on the Nigerian economy and the importance of fostering a competitive business environment.
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