Why it’s better to live in hotels than own mansions abroad— Billionaire Dangote explains
Billionaire businessman Aliko Dangote has explained why he prefers staying in hotels rather than owning luxury homes abroad, saying he sold his properties in the United States and the United Kingdom to focus fully on building businesses in Nigeria.
According to him, maintaining expensive foreign properties creates distractions and extra responsibilities that can take attention away from long-term business goals. He said the decision helped him simplify his lifestyle and remain more focused on his industrial investments.
“When I decided to go into the industry, you know what I did? I sold all my properties in the US. I had two houses in the US, big mansions, and I had a house in the UK. I wanted to really sit in Nigeria and concentrate,” Dangote said.
He explained that owning holiday homes often comes with obligations that interfere with productivity and personal focus.
“Sometimes when you own a holiday home anywhere, you have to create that time to go and use that property. So now my life is very simple. Wherever I go, I use hotels; I pay. When I leave, nobody will call me and say I have a burst pipe or something is wrong,” he added.
Dangote also stressed that discipline, vision, and long-term planning remain key to his success, noting that his businesses are guided by clear targets.
“So I’m committed to what I do, and I just don’t do things; I always create a vision. It’s just like now; we created a vision for 2030. So, I know I have a target to meet. I just don’t do business. All my businesses are targeted,” he said.
He further explained that many of his investments are driven by a desire to reduce dependence on imports through local production.
“I first of all look at what we need as a people. What is it that we are supposed to be producing, and what are we importing? So we do what you call backward integration,” he said.
“We produce what the people need, and we are now producing things that, when you wake up as a human being every morning, you must use part of what we produce.”
The Nigerian team have proven to be the best team in this tournament.
Unbeaten. 100% record. The only team with it. 💪🇳🇬
Winning two knockout games with two clean sheets. Rock solid defense and a deadly attack. We simply have the best team in Africa. There is no team we cannot beat, not Morocco 🇲🇦 not Senegal 🇸🇳
But golden generations don’t come often, therefore we must capitalize on this opportunity and bring home the title.
We must avoid any mistakes of the past that has often made us finish as 2nd place or 3rd place in this tournament more than any other country in Africa.
NO NEAR SUCCESS!❌
NO SILVER NO BRONZE ❌❌
ONLY GOLD!✅
This squad must not waste like the Belgium Golden Generation.
This is our time. This is our moment. Nigeria to the world! 🦅🔥
#AFCON2025 #AFCON25 #AFCON
Here’s a Benue politician confirming @RepRileyMoore’s “Over 600,000 IDPs in Benue” assertion.
I hear the situation is even far worse.
Don’t let anyone gaslight you. If you heard it from me, it is TRUE!
Help is on the way!
On Christ the solid rock I stand.
All other grounds is sinking sand.
All other ground…
is sinking sand
FREE THE CHRISTIANS IN NIGERIA!!!!!!!!!!
🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬🇳🇬
STOP THIS NOW!!!!!!!!!!!!!!
#FreeChristians
#PAPSSCOWRY2025 begins tomorrow
Lagos is set to host Africa’s first PAPSS COWRY Forum, a gathering that will shape the future of cross-border payments and settlement across the continent.
Leaders, including H.E. Wamkele Mene, Secretary-General, African Continental Free Trade Area Secretariat (@AfCFTA); Mr Haytham El-Maayergi, Executive Vice President, Afreximbank; Mike Ogbalu III, CEO, Pan-African Payment And Settlement System - @papss_africa; and others, will headline two days of dialogue, innovation showcases and forward-looking solutions for building an interoperable, sovereign payment infrastructure that supports trade and growth under the AfCFTA.
- 2–3 December 2025
- Lagos Continental Hotel
Africa is building its own payment backbone. The next chapter starts here.
#PAPSSCOWRY2025 #PAPSS #Afreximbank #AfCFTA
At the Afreximbank Annual Meeting (AAM2025) in Abuja, we brought together thousands of leaders to reflect on the resilience that has shaped our past and chart a bold path to drive Africa’s next phase of growth.
Watch the full feature on YouTube!
Everything you lose is actually creating space in your life for the things you really need. For example, if a girl breaks your heart as a guy, yes, you are losing her. But you do not need such a girl in your life. Her departure only creates the enabling environment for the arrival of a girl who will mend your heart. Take trees, for example, if they do not lose their leaves from time to time, they will not grow bigger leaves, which ensures that they bear fruit. What you lost are your decaying trees. They will make way for your restorative leaves!
#RenosNuggets