President of Dangote Industries Limited, Aliko Dangote, has said investors who buy and hold shares in Dangote Petroleum Refinery and Petrochemicals could potentially become millionaires within one or two years if the company’s share price rises significantly.
Dangote stated this in an interview with Arise TV aired on Tuesday while discussing the refinery’s initial public offering on the Nigerian Exchange.
The refinery’s shares are being offered at N525 each, with Dangote expressing optimism that the price could eventually rise to between N5,000 and N10,000, depending on market conditions.
Asked whether he expected the N525 offer price to rise to about N10,000, Dangote said, “I pray so, yes.”
Pressed on whether that was his prediction, he said, “Yeah, it can get up to that, you know, depending on where, you know. I’ve seen shares listed at 100; they go to 1,000.”
He added, “But our own, it will get to maybe
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