Why I Have No House Outside Nigeria – Dangote

Africa’s richest man, Aliko Dangote, has declared that he has no personal house outside Nigeria.
The business mogul said this at the 2019 Mo Ibrahim Forum.

READ ASLO: ‘I Once Withdrew $10million Cash, Took It Home Just To Look At It’ – Aliko Dangote Tells Fellow Billionaire Mo Ibrahim

Dangote hinted that he avoids luxury things “because they distract and take 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…they have houses in London.”

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“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, but 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.”

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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 2 promising sectors.”

 

Comments

comments

1 COMMENT

  1. The wise and the gifted and yet humble man, has spoken.
    The man who worked hard knows how much sacrifices he made to get to this point will be so frivolous, this is a man that can buy the most expensive property or luxurious private jet or yacht in the world, but chose to remain modest, while our corrupt civil servants steal public money and waste it on lavished lifestyles.
    Sir, please also help to build future billionaires so that this extra ordinary talents will not die when you retire.
    God bless and multiply your efforts to yield more results

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