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Dangote Halts Steel Industry Investment Amid Monopoly Allegations
Business

Dangote Halts Steel Industry Investment Amid Monopoly Allegations

  • by Sara Lohmaier Jul, 22 2024

Aliko Dangote, the chairman of Dangote Industries Limited, has decided to halt the company’s entry into Nigeria's steel industry due to accusations of monopoly. He highlighted that his company utilizes local raw materials and does not deter others from entering the same business. Encouraging other Nigerians to invest, Dangote emphasized that a level playing field exists for all investors.

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