Africa’s richest man, Aliko Dangote, has advised Nigerian youth who want to hit it big in business not to look elsewhere than to focus on ICT and Agriculture.
“I will advise Nigerian young entrepreneurs to invest in and focus on ICT and agriculture,” Dangote said. “These are the two promising sectors”
The business mogul was speaking at the 2019 Mo Ibrahim Forum where he admonished young Nigerians to shun frivolities and unnecessary distractions, revealing that he avoids luxury things “because they distract and take time”.
He 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 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’’ he averred.
“There are ups and downs in business so you need to be focused.”