Aliko Dangote, who is the African richest man and President of Dangote Group, said telecoms business in Nigeria thrived because of the initiative of former President Olusegun Obasanjo.
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Dangote said this at a business conference organised by the Gateway Partners in Singapore. The video of the conference was posted on Youtube and Facebook on Tuesday.

The billionaire said government policies could either help businesses to grow or kill them.

He, therefore, stated that it took the creativity of Obasanjo to give telecoms companies a tax holiday before they could make profit.

Dangote added, ďThe telecoms industry wouldnít have been successful especially in Nigeria when they came in. In Nigeria, we have a tax rule in which we donít offer any tax holiday or any incentive to services but President Obasanjo was very very creative. That is the truth, not because he is here. I didnít even know that he was here.