Sanusi Advises Caution in Investing in Dangote Shares

During a roadshow for the initial public offering of Dangote Petroleum Refinery and Petrochemicals FZE in Kano, Sanusi, the former governor of the Central Bank of Nigeria (CBN), cautioned prospective investors against selling their homes or using funds meant for their children's education to purchase shares. He urged individuals to invest only what they could afford to leave untouched for a period, suggesting starting with modest amounts like ₦10,000 or ₦100,000.

Sanusi emphasized that investments should be viewed as long-term commitments rather than quick profit opportunities. He encouraged Kano residents to participate in the capital market and become shareholders in the refinery, highlighting the importance of investing in companies with strong economic fundamentals.

Sanusi expressed his desire for the local community to benefit from the capital markets and to support Dangote, whom he referred to as their "son.".