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First with the News

“One Africa, 35 Visas”: Africa’s Richest Man Calls For Visa Reforms To Boost Investment

May 18, 2024
in Economy, Top Stories
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Aliko Dangote, visa

Aliko Dangote, visa

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By John Ikani

Aliko Dangote, Africa’s wealthiest businessman and head of Dangote Group, has urged significant changes to visa regulations across the continent.

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He highlighted the challenges these policies pose for investors and business leaders seeking to operate in Africa.

During a panel discussion at the Africa CEO Forum Annual Summit in Kigali, Dangote discussed his frustrations with current visa procedures while expressing optimism for Africa’s future and outlining his vision for the continent’s economic growth and self-reliance.

His comments echo growing concerns about the limitations imposed by Africa’s restrictive and inconsistent visa policies, which hinder travel and investment within the continent.

Dangote further stressed the urgency for reform by revealing President Bola Tinubu’s dissatisfaction with the current system and his commitment to address the issue.

“As an investor dedicated to Africa’s success,” Dangote stated, “I’m forced to apply for a staggering 35 visas. This time-consuming process simply isn’t feasible.

While a standardized system might be understandable, the reality is some individuals don’t require such extensive procedures.”

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He continued with positive news, “President Tinubu recently addressed this issue in a cabinet meeting and expressed his disapproval. I’m confident that significant reforms to Nigeria’s visa system will be implemented within the next few weeks.”

Expressing his unwavering belief in Africa’s potential, Dangote declared, “I’m incredibly enthusiastic about Africa’s future. The continent possesses all the necessary ingredients for greatness. This is why I’m not only investing my resources but also dedicating my life’s work to Africa’s success.”

Drawing an analogy, Dangote compared Africa to a scratch card. “Africa holds immense potential,” he stated, “similar to a scratch card. Its true value remains hidden until it’s explored and activated.”

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