In an interview with CNBC on the sidelines of the World Economic Forum (WEF) going on in Davos, Africa’s richest man, Aliko Dangote has said that he plans to grow the Dangote Group to a $100 billion dollar company, adding that he still has plans to buy English football club, Arsenal.
“I will but right now I have to focus on the projects that I have which are almost $18 bn, then I’ll concentrate and face Arsenal,” Dangote said.
Speaking on the impact of the depreciation of the Naira on the Dangote group, Dangote said: “There’s an impact but business is always ups and downs. We are in Africa for the long term, not only in Nigeria. If you’re in Africa or Nigeria for the short term then you shouldn’t be there. We are in it for the long term and I believe we’ll get out of the woods very soon.”
He also spoke on the Niger Delta Crisis and the power situation in the country.