Popular Nigerian billionaire and Africa’s richest man, Aliko Dangote, has given the reason why he has no personal house outside Nigeria.
If you recalled, while Dangote was speaking at the 2019 Mo Ibrahim Forum, where he hinted that he avoids luxury things because they distract and take time. Read more of mymediaafrica.com’s reports on Dangote’s speech 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.”
“But you see, a lot of people, even the younger ones, we need to be very careful because one of the 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.”