Dangote, Africa’s richest man, has previously made a number of statements about his desire to purchase the Gunners.
During the last five years, the 62 year-old has made separate claims, on no less than five occasions, about his want to lead an Emirates takeover.
Dangote, who is the 96th wealthiest man in the world, according to Bloomberg's Billionaire's Index, started his first business at the age of 21 and also founded Africa's largest cement provider, stated in 2018 his desire to make a move for the North London club in 2020.
"We will go after Arsenal from 2020… even if somebody buys, we will still go after it,” he told Reuters in 2018.
Now he has altered his plans, amid a holdup with his Dangote Refinery project.
He states: "It is a team that yes I would like to buy some day, but what I keep saying is we have $20billion worth of projects and that's what I really want to concentrate on.
"I'm trying to finish building the company and then after we finish, maybe some time in 2021 we can.
"I'm not buying Arsenal right now, I'm buying Arsenal when I finish all these projects, because I'm trying to take the company to the next level.”
Arsenal are currently owned by Stan Kroenke, through his Kroenke Sports & Entertainment group, with the American having come in for widespread criticism in recent years.