Sanusi backs Dangote’s move to widen Kano residents’ stake in industrial investment

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. During an investor roadshow for the Dangote Refinery Initial Public Offering in Kano, Sanusi emphasized that individuals should only invest money they can afford to set aside for a period of time, suggesting amounts such as N10,000, N20,000, or N30,000.

He cautioned against taking on excessive financial risks by using essential funds for investments. Sanusi urged Kano residents and other prospective investors to adopt a long-term approach to investing and emphasized that the location of the refinery should not deter them from participating in the capital market. He reminded investors that it is shareholders who own the company, regardless of the refinery's location, and that this investment could lead to significant growth over time.