Dangote made the statement in Kano on Thursday, during a meeting with journalists, where he explained that he was no longer pursuing plans to take ownership of the Premier League club.
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Speaking further to Premier Radio correspondent Abubakar Haruna Galadanchi, Dangote said he had previously attempted to reach an understanding with the owners of Arsenal over a possible acquisition.
However, he said his focus has now shifted towards managing and expanding his various business interests.
Dangote said that although he no longer plans to pursue the acquisition of Arsenal, he will continue to support the club and attend its matches whenever he is in London.
The businessman has in the past repeatedly expressed his ambition to acquire Arsenal, but said his attention is now focused on his companies, which he described as being like another Arsenal for him because of the level of commitment and attention they require.
Dangote鈥檚 decision brings an end, at least for now, to his long-standing public interest in acquiring a stake in the London-based football club.
