Aliko Dangote, Africa’s richest man and president of Dangote Group, says Nigeria remains the number one economy in Africa.

Earlier on Wednesday news broke that South Africa had overtaken Nigeria as Africa’s biggest economy, but Dangote remains resolute that Nigeria’s place has not yet been usurped. Dangote, who spoke at the Lagos Chamber of Commerce and Industry 2016 presidential policy dialogue session, said the problem with the economy did not start with this current administration.

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