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    Extend Your Shares to Fellow Nigerians; Obi Charges Other Businessowners to Emulate Dangote

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    • Safiu Kehinde

    The Nigeria Democratic Congress Presidential Candidate, Peter Obi, has charged Nigerian businessowners to emulate renowned businessman, Aliko Dangote, by extending the shares of the companies through public offerings.

    Obi gave the charge in a statement issued on his official X handle on Wednesday.

    While commending Dangote over the listing of his refinery’s Initial Public Offering, IPO, in the stock market, the ex-Anambra state governor harped on the need for other Nigerians to invest in the productive sectors of the economy.

    ‘In the course of my engagements with Nigerians at home and in the diaspora, many of them have sought my opinion on investing in the ongoing Dangote Petroleum Refinery Initial Public Offering.
    ‘While encouraging them to buy, I must say that I remain very proud of the commitment and breakthrough of Alhaji Aliko Dangote’s investment in the real sector of our country’s economy, across different sectors.
    ‘This validates my position that we should move Nigeria from consumption to production.’ He said.
    Obi urged the Nigerians businessowners to also permits other Nigerians to be part of the re-industralising of the country by offering their shares for purchase.
    ‘I, therefore, encourage other Nigerian businesses to invest in the productive sectors of the Nigerian economy and also give fellow Nigerian citizens the opportunity to be part of the re-industrialization of the country by offering their shares to the public through public offerings.’ He added.
    NPO Reported that Dangote had on Monday declared the commencement of the Dangote Refinery’s Initial Public Offering.

    This is coming days after the Africa’s richest man launched the IPO with 4.1 billion ordinary shares of $0.000013 each up for grab.

    The offer price is pegged at N525 per share with the mode of offer confirmed to be on fixed price basis.

    Meanwhile, the minimum subscription stands at 10 shares which implied that  investors could earn shares from a minimum rate of N5,252.

    This, according to Dangote Petroleum and Petrochemical FZE advisor, Olutade Olaigbe, is aimed at ensuring that the shares are accessible and affordable for all Nigerians.

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    Safiu Kehinde is a Graduate of Mass Communications. He is passionate about accurate reporting and interested in investigating socio-political issues.

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