The Emir of Kano, Muhammadu Sanusi II, has warned prospective investors against using their children’s school fees or selling their homes to invest in shares.
Sanusi gave the warning on Thursday while speaking at the Dangote Refinery Initial Public Offering investor roadshow in Kano.
He urged Kano residents and other prospective investors to invest only money they could afford to set aside for some time, saying they could consider amounts such as N10,000, N20,000 or N30,000.
He said, “Do not take your children’s school fees and put in shares, Do not sell the house that you live in and put in shares.
“But what you can afford,10,000, 20,000, 30,000, what you can afford to set aside for some time, set it aside. And if you look at the fundamentals of the economy, over time you can be assured that this investment will grow, and you will not regret it.”
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