President of the Dangote Group, Alhaji Aliko Dangote said experience had proven that Nigeria’s business environment is conducive for investment, admonishing Nigerians who prefer investing outside to have a rethink.
According to Africa’s richest man, Nigeria and many other countries in Africa have created opportunities for international entrepreneurs to invest in the continent.
“People talk only about the bad side, but there are lots of opportunities,” he said at the ongoing World Economic Forum on Africa in Abuja, where he’s co-Chairman.
Dangote added that Nigeria and many other countries created opportunities for capital allowance, zero duty and valued-added tax on machinery, as well as tax holidays.
“The biggest challenge today is that some [Africans] would rather keep money abroad. You are not creating confidence. You must invest your own money to encourage foreign investors,” he said.
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate