‘Devaluation or not, we will invest in Nigeria’ | Dangote’s faith is unshakeable

Africa’s richest man, Aliko Dangote has urged investors in Africa to be mindful of the way they project Africa, or risk driving investors out.

Dangote stated this at the ongoing World Economic Forum on Africa in Kigali, Rwanda.

“We have to get rid of perception risks,” he said. “The fragility of perception drives away investors. We need to change the mindset because good things are happening in Africa.

“Sometimes the old and existing investors paint a gloomy picture of doing business in Africa to avoid competition and scare away potential investors. You have to act big and bold.”

Speaking on the current economic instability in Nigeria, Dangote said that his cement sector has invested over 4 billion. “We are bullish about investing in Nigeria, devaluation or no devaluation,” he said.

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