Dangote Praises Tinubu for Fuel Subsidy Removal
Aliko Dangote, President of Dangote Industries Limited, expressed gratitude to President Bola Tinubu for his decisive actions, including the removal of the fuel subsidy and the liberalization of the foreign exchange market. This statement was made on Monday during the launch of an initial public offering (IPO) at the Nigerian Exchange in Lagos.
Dangote praised Tinubu's leadership and reiterated that the Dangote Group would continue to collaborate with the government to foster Nigeria's development. He also remarked on the unexpected transformation of the Nigerian Exchange, which he once led as president, stating he did not anticipate its current success by 2026.
The IPO, which opened on the same day, offers 4.1 billion new ordinary shares at N525 per share, with a minimum subscription of 10 shares valued at N5,250, and is set to close on 13 October 2026, subject to the prospectus terms.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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