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Why I admire Donald Trump – Dangote

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Billionaire Aliko Dangote, Africa’s richest man, has said that he admired US President Donald Trump because of the protection he gives to local industries.

According to the TIME, Dangote said he admired the current American President for his protection of local American businesses, arguing repeatedly that “old-fashioned protectionism is the only way to build Africa’s industries”.

“When foreign competitors come into our market and dump their products, there is no incentive to build our own industry,” Dangote told TIME.

“Are we to be captive to foreign companies? No. If America is now rising up to protect her industries, why shouldn’t African countries rise up to protect their own?”

Dangote recorded an explosion in his wealth after President Olusegun Obasanjo put policies in place to protect local manufacturers and their products.

DANGOTE DREAMS

Being Africa’s richest man is not enough, Dangote also dreams to be the biggest giver to charitable causes in Africa.

“I want to be known as the biggest philanthropist in Africa,” he said, stating that he aims to have a foundation worth $10 billion within the next five to seven years.

He has already invested $1.2 billion in the foundation, and was recently named the sixth most charitable person in the world.

He also wants to build and run Nigeria’s biggest diary farm, with over 300,000 high-yield dairy cows, meeting the needs of the West African region.

“With the right kind of support, we could feed the entire West African region. It’s possible. Not today, but in the next 10 years,” he added.

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