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Nigeria’s richest man urges the wealthy to invest locally instead of luxury spending to create jobs and boost growth.
Aliko Dangote, Nigeria’s richest man, has urged the country’s wealthy elite to stop spending on luxury goods like private jets and Rolls-Royce vehicles, instead investing in local industries to create jobs and boost economic growth.
Speaking publicly, he criticized Nigeria’s reliance on imports, calling it “importing poverty and exporting jobs,” and emphasized the need for domestic industrialization in agriculture, manufacturing, and infrastructure.
Dangote stressed that wealth should fund factories and enterprises, not extravagance, and highlighted the importance of businesses paying taxes to support public services.
He called for stronger domestic investment, arguing that sustainable development depends more on local entrepreneurs and sound policies than on foreign capital.
El hombre más rico de Nigeria insta a los ricos a invertir localmente en lugar de gastar en lujo para crear empleos e impulsar el crecimiento.