Don’t sell your house to buy Dangote shares, Emir Sanusi tells investors

The Emir of Kano, Muhammadu Sanusi II, has cautioned investors against using their children's school fees or selling their homes to invest in shares. Speaking at a Dangote Refinery Initial Public Offering investor roadshow in Kano, Sanusi emphasized that prospective investors should put money aside for the long term, suggesting amounts like N10,000, N20,000 or N30,000.

He advised against taking money meant for children's education or selling one's home to invest. Sanusi urged Kano residents and other potential investors to invest only what they can afford to set aside for a while, assuring them that, with the right fundamentals, the investment would grow over time. The Emir, representing his people, expressed his desire for Kano residents to become shareholders in the refinery founded by Kano-born businessman, Aliko Dangote.

He urged other groups, such as unions, to educate their members about the investment opportunity. Sanusi also highlighted that the location of the refinery should not deter Kano residents from investing, as shareholders, not the location of the facility, determine ownership.