Aliko Dangote reveals why he has no house outside Nigeria

Aliko Dangote reveals why he has no house outside Nigeria

Nigeria and by extension, Africa’s richest man, Aliko Dangote, has declared that he has no personal house outside Nigeria. The business mogul revealed

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Nigeria and by extension, Africa’s richest man, Aliko Dangote, has declared that he has no personal house outside Nigeria. The business mogul revealed this at the 2019 Mo Ibrahim Forum. Dangote hinted that he avoids luxury things because to him, they distract and take one’s time.

Dangote said: “I don’t have any holiday home anywhere. I don’t have a house anywhere but I know people who are working for me have houses in London. But you see, a lot of people, even the younger ones, we need to be very careful because one of biggest issues with us as Africans is that we spend our projected incomes.

“Once you start doing business [and] it starts doing well, rather than for you to invest more in the business, you start spending thinking that profit will continue to come. There are ups and downs in business so you need to be very focused.”

Asked of his opinion on areas young entrepreneurs should invest in, Dangote replied: “The sectors to focus on now are ICT and agriculture. These are the two promising sectors.”