Speaking on the panel discussion on “Unlocking Jobs” at the ongoing World Economic Forum in Nigeria’s capital Abuja on Thursday, Aliko Dangote, Africa richest man said encouraged African business people to invest in the continent to ensure that the environment created by the governments would become attractive to foreign investors.

According to him, the opportunities in Africa were enormous, but some African rich people were refusing to bring investments into the continent. He said that African governments were doing their best to create enabling environment for investors while local investors who, mostly preferred to keep their monies abroad, were not taking the risk to promote intra-Africa trade.

“There are a lot of business opportunities in Africa. The biggest challenge we are facing in Africa is that many Africans prefer to keep their monies abroad. By doing that, it means you are not encouraging confidence. You have to create confidence as an African to encourage foreigners to come here with their own money,” the international business man stated.

Dangote has factories manufacturing cement and sugar, while other aspects of his business also invest in agriculture and other businesses.