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Dangote reveals why he is not investing in ICT, telecoms


After years of being economical with words, President of Dangote Group, Alhaji Aliko Dangote has opened up on why he has not really mustered interest in investing in either Nigeria’s or even African telecoms market.

Explaining issues on the suggestion of financially backing up tech start-ups, he opined that technology was not really an area he wanted to go into right now.

According to him, if he was going to invest in a tech company, he could buy shares, “but it’s not something he wants to go in and run’.

“I am very passionate about industrialisation more than going into a tech company. It doesn’t make any sense for us to go direct there.”

In his submission, Dangote recalled that “For more than 20 years, Dangote was just a trading company. Then we decided we wanted to be an industrial giant and we had to start somewhere. It wasn’t just about cement. It was about industrialisation. If you look at what Dangote Group is doing, it is about improving people’s lives.”

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