Textiles was my biggest business mistake — Dangote

President of Dangote Group, Aliko Dangote, described his investment in the textile industry as the biggest business mistake of his decades in business during an interview with Arise Television. He said the textile business collapsed due to inadequate policy protection and dumping by foreign manufacturers, citing Chinese and Indian dumping. Dangote said the closure led to the layoff of almost 8,000 workers across the textile business, with 6,920 of them from Nigerian Textile Mills in Ikeja, Lagos.

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