By
Sampson Iroabuchi Onwuka
Yet again, the monopoly of these companies nearly ‘bleached’ the country dry through the hands off approach to cell phone industry, a condition that remained the backbone of Obasanjo’s disastrous privatization scheme until fairly recently. But of course such companies in Nigeria like the Indian outfit hugging all the actions with the metal industry in Nigeria and raising the price Sky high, would do little to improve their company in Nigeria and much more in creating foreign rates in Nigeria. They are not seriously challenged or dogged in the Nigerian market by others in Nigeria. This is a vacuum process. And this vacuum process swallow whole on all avenues of commerce, it indirectly creates a legal case of monopoly and the end result is just high cost in virtually any source of living.
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