Dangote Group plans to become a $100 billion business. Credit: CNBC Africa
On the topic of the foreign exchange challenges faced by business in Nigeria, Dangote said: “Business is always ups and downs. We are in Africa for the long-term, not only in Nigeria. If you are in Africa or in Nigeria for [the] short-term, then you shouldn’t be there. We are there for [the] long-term and I believe that we will get out of [the] woods very soon.”
“If you are in Africa or in Nigeria for the short-term, then you shouldn’t be there.” – Aliko Dangote, President, Dangote Group
On the topic of speculation around Dangote’s purchase of British Premier League team Arsenal, Dangote said: “I’ve said that and I have made clarification. I will. What I have right now, I want to finish this major project that I have, which is almost $18 billion. Then I will concentrate and then I will face Arsenal.”
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