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LequteMan
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Nigeria - Africa’s richest man and foremost business mogul, Alhaji Aliko Dangote, has disclosed that he late Chief M. K. O. Abiola discouraged him from investing in the media, Leadership reports.
Abiola, before his death in 1998, owned the Radio Communications Nigeria and Concord Press (publishers of the defunct Concord Newspaper).
“I went to see Abiola and I said to him, you look a bit worried. And he said he could not sleep because of a publication…How many times will I be chasing reporters and running my business. Let me advise you, don’t go and do this newspaper business.”
Dangote did not, however, foreclose future investment in the media but said he was being cautious in view of his other business interests. “You must think twice before going into it,” he said.
“When people realise that the paper is not balanced – you are always pro-government, it is a challenge. The worst tag a paper can have is to be marked a government paper. The general feeling is that they are eating from the government. So that is why I run away from the media. I am not saying I won’t do it.”
Dangote, whose 2015 net worth was put at $21.6billion, also says despite his wealth, he has no residential property outside Nigeria.
Abiola, before his death in 1998, owned the Radio Communications Nigeria and Concord Press (publishers of the defunct Concord Newspaper).
“I went to see Abiola and I said to him, you look a bit worried. And he said he could not sleep because of a publication…How many times will I be chasing reporters and running my business. Let me advise you, don’t go and do this newspaper business.”
Dangote did not, however, foreclose future investment in the media but said he was being cautious in view of his other business interests. “You must think twice before going into it,” he said.
“When people realise that the paper is not balanced – you are always pro-government, it is a challenge. The worst tag a paper can have is to be marked a government paper. The general feeling is that they are eating from the government. So that is why I run away from the media. I am not saying I won’t do it.”
Dangote, whose 2015 net worth was put at $21.6billion, also says despite his wealth, he has no residential property outside Nigeria.
