Aliko Dangote has called on Nigerian billionaires to cut down on luxury spending. He urged wealthy Nigerians to invest in industries that create jobs instead of acquiring private jets and Rolls-Royce cars. He said money should build factories and empower communities.
Speaking on Friday, he warned that heavy importation weakens the economy. He explained that importing goods increases poverty and exports jobs. “Importation is importing poverty and exporting jobs,” he said.
Nigerian Billionaires Urged to Back Local Growth
Dangote stressed that no country grows through import dependence. He advised investors to support agriculture, manufacturing, and stronger banking structures. These sectors can drive stability and long-term growth.
Why Nigerian Billionaires Should Invest Locally
He encouraged billionaires to build industries in communities across the country. “If you have money for a Rolls-Royce, go and put up an industry,” he said. He added that investment in industries will empower families and help Nigeria progress.
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