The richest man in Africa, Aliko Dangote, has declared that he has no personal house outside Nigeria “because they distract and take time”.
Dangote made this known while speaking at the 2019 Mo Ibrahim Forum.
“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,” Dangote said.
“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.”
“The sectors to focus on now are ICT and agriculture. These are the 2 promising sectors,” he added when asked his opinion on areas young entrepreneurs should invest in.