A Political System That Reflects Monopoly

@takhar: They effectively stifle innovation as the businesses that have strong ties with the politicians control most of the market, sometimes for a long time. Eventually, growth also stagnates because monopolies can easily get complacent and the end users have to put up with an average product/service that's becoming less valuable.

@joetunex: Exporting those crude oils overseas happens not to be favoring Nigeria, the country should lure in investment that will make the refinery process to be done in Nigeria that will benefit Nigeria as well as foreign investors. It is time we start looking at creating finished products instead of relying on the Western world.

@jfang003: The government is always trying to exert its control. They throw a lot of regulations to deter other people from building a large spot in the market and to give their friends an advantage. I don't think that is any different from the US either because the laws and regulations makes things very troublesome.

@jhymi: There's a lot of things wrong with this country and this is one of them. They preach about wanting businesses to thrive but stifle them with unreasonable laws and taxes just so that monopoly remains.

@iskawrites: Shea, Dangote has finally built a refinery. What do you think that will do to our economy? He is already someone who loves monopoly and privatization. We may have been told his beautiful move into business by getting loan from his uncle but we all know the reason he thrived in those businesses had been because he had ties with those in power through his family network and he stifled other people's access to those industries.

@mccoy02: The fact is most Nigerian politicians are wired to fend for their selfish interest putting the masses need on a different scale of interest there is little support got from government by small scale entrepreneurs without good connections its most likely impossible to get support from this top Nigeria agencies thanks for the share.

@artist-freepae: Monopoly is one of things we're battling with in this country. Imagine where a single business man have conquered almost every food sector and has no matching competitor. This will give him more room to manipulate the economy to any direction he wishes. We don't even know long how it will take us to recover from this mess.

@wallay: Yes , all what you have said in this post are the truth. Nigerian government are something else .I pray we find good luck some day.thanks for sharing.

@biyimi: A lot of businesses have failed up because of the structure of Nigeria political system

@threedotz: I woke up sad today.

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@dwayne16: It’s just funny when I look at Nigeria and I see no hope, Just let me remind you that Nigeria is over 62 years and we cannot Build a refinery I’m very sure that Dangote’s refinery is built by contributing money from those corrupt government officials.

@rafzat: Nigeria could have been a very good place but our politicians are stingy and self centered That way, the country will not grow

@amiableamara: Just like Dangote, the government gave him billions of naira to put in his refinery. This is pure monopoly as it's the government that will still be controlling every drop of oil being refined there.