Dangote to Nigerian elites: Skip Rolls Royce, invest in industries
Dangote Group Chairman, Aliko Dangote, has urged wealthy Nigerians to divert money spent on luxury items like Rolls Royce cars and private jets into building industries that create jobs and drive economic growth. Speaking after a meeting with President Bola Tinubu at the Presidential Villa, he lamented a culture of conspicuous consumption and recalled that, in earlier years, even presidents used modest official cars, which discouraged elites from outspending the state on luxury. He said anyone who can afford a Rolls Royce should instead establish factories in their communities or anywhere in Nigeria where investment is needed, arguing that many of the private jets crowding local airports could have been productive industrial assets. Dangote stressed that Nigeria’s development hinges on strong local investment in manufacturing and agriculture, backed by a solid banking system, and warned that rapid population growth of […]