‘Don’t sell your house to buy Dangote shares’ – Sanusi warns Kano investors

Muhammadu Sanusi II, the Emir of Kano, has cautioned potential investors against using their children's school fees or selling their homes to purchase shares in Dangote Refinery. During an investor roadshow in Kano, Sanusi urged residents to invest only in money they can afford to leave untouched for an extended period. He suggested starting with amounts like N10,000, N20,000, or N30,000.

Sanusi stated, "Do not take your children's school fees and put money in shares; do not sell the house you live in and put money in shares." Instead, he advised, "What you can afford, N10,000, N20,000, N30,000; what you can afford to set aside for some time, set it aside." He emphasized that if Kano investors participated in the capital market and became shareholders in the refinery, they would not regret it in the long run.

Sanusi, as the Emir of Kano, encouraged his people to own this company and not be left behind in the capital markets and financial inclusion. He urged union leaders and representatives of other groups to educate their members about this opportunity. Sanusi advised investors to adopt a long-term approach rather than expecting quick profits from their investments.

He noted that the refinery's location should not deter Kano residents from investing, as ownership of a company belongs to its shareholders, regardless of its location.