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World’s Richest Black Man:Why I have no house outside Nigeria – Dangote

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The richest black man in the world and world renowned business mogul Alhaji Aliko Dangote says he has no personal house outside Nigeria.he further said 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.

During the discussions at the forum,he was 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.”

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