Dangote Refinery IPO is not for you, by Dele Sobowale

Vanguard News | 21-09-2026 01:54am |

In an opinion piece, Dele Sobowale argues that the Dangote Refinery IPO is not a guaranteed wealth-building opportunity for ordinary Nigerians. He notes that Aliko Dangote has invited millions to buy at least ten shares at N525 each, but cautions that such investments are unlikely to make the poor or middle class rich. Sobowale contrasts this with early investments in US technology companies that created wealth for small investors, stating that no one has become rich from investing N5,250 in Nigeria.

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