My Money Is Clean, I Am Not Part Of The Corruption – Dangote Replies Critics

President of Dangote Industries Limited, Aliko Dangote, has dismissed claims that he uses his influence to shut down competition.

The billionaire stated that his success results from strategic investment and entrepreneurship, not special treatment or restrictive policies.

In a Thursday feature by Bloomberg, it was alleged that some of Dangote’s greatest successes occurred in sectors where imports are banned or restricted, including sugar and cement.

In 2007, then-US Consul General Brian Browne cited criticisms of Dangote’s practices in a private cable published by WikiLeaks.

“To detractors, he is a predator using connections in a corrupt political economy to tilt the playing field in his favour and sideline potential competition.

“It is no coincidence that many products on Nigeria’s import ban lists are items in which Dangote has major interests,” Browne wrote.

Dangote, who highly regards Browne, countered that imports of the products in question were not banned at the time.

He argued that he simply capitalised on opportunities that others failed to exploit.

Source: Broad Street Radio

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