IPO: ‘N100k investment could become N1m in one year’ – Dangote

Businessman and President of the Dangote Group, Aliko Dangote, has said an concern of N100,000 successful the ongoing Initial Public Offer, IPO, of the institution could perchance turn to N1 cardinal wrong 1 oregon 2 years.

Dangote made the remark portion responding to questions during an interrogation with Arise Television.

He said investors could besides payment from dollar-denominated dividends, which helium said could supply extortion against the depreciation of the naira.

Dangote added that specified investments could supply fiscal information for individuals with children studying abroad, peculiarly successful the lawsuit of further naira devaluation.

Dangote said: “At slightest what we are looking at, if you put similar thing similar possibly N100,000 naira, you know, wrong 1 year, 2 years oregon so, you are talking astir you becoming a millionaire.

“So, you beryllium collecting money, and if astatine a constituent erstwhile you person your kids studying abroad, adjacent if determination is devaluation of the currency of the naira, you are safe.

“Yes, you are harmless due to the fact that you are dividend you beryllium collecting successful dollars.”

IPO: ‘N100k concern could go N1m successful 1 year’ – Dangote