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.
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.”
“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.”
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.”