Dangote Group Withdraws from Nigerian Steel Investment Amid Monopoly Concerns
Aliko Dangote's Dangote Group has decided to abandon its plans to invest in Nigeria's steel industry to stave off monopoly accusations. This move is aimed at preventing dominance claims while encouraging local investment to boost the economy. Dangote had previously announced his intention to promote local steel production, but now he calls on other Nigerians to step in. Nigeria's steel industry has faced numerous setbacks, including the troubled Ajaokuta steel complex.