The enterprise mogul stated this on the 2019 Mo Ibrahim Discussion board.
Dangote hinted that he avoids luxurious things “because they distract and take time”.
Dangote stated: “I don’t have any vacation house anyplace. I don’t have a home anywhere however I do know people who find themselves working for me…they’ve homes in London.”
“But you see, lots of people, even the youthful ones, we should be very cautious because one of largest issues with us as Africans is that we spend our projected incomes.
“When you begin doing enterprise [and] it begins doing effectively, however rather than for you to make investments extra in the enterprise, you begin spending thinking that revenue will proceed to return.
“There are ups and downs in business so you have to be very focused.”
Asked of his opinion on areas younger entrepreneurs should spend money on, Dangote replied: “The sectors to focus on now are ICT and agriculture. These are the two promising sectors.”
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