Aliko Dangote, chairman of Dangote Industries Limited has revealed that he will no longer invest in Nigeria’s steel industry following accusations of monopoly in some quarters.
Speaking recently during a tour at his refinery in Lagos, Africa’s richest man said the organisation’s board decided to avoid the steel industry “to prevent accusations of being branded a monopoly”.
Dangote also said the claim in some quarters that his group of companies enjoy monopoly is not true.
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