The Emir of Kano, Muhammadu Sanusi II, has issued a caution to potential investors in the Dangote Refinery, urging them not to divert funds earmarked for their children’s education or to sell their homes in order to purchase shares in the project.
In a statement aimed at the public, Sanusi warned that such actions could jeopardise families’ financial stability and long‑term security. He emphasised that the money intended for schooling or property should remain protected rather than be used for speculative investment.
The Dangote Refinery, a flagship oil‑processing venture in Nigeria, has attracted significant interest from local and foreign investors. While the project promises economic benefits, the Emir’s remarks highlight the need for caution among those considering participation.
Sanusi’s warning comes amid growing discussions about the refinery’s impact on the Nigerian economy and the broader investment climate. The Emir’s advice reflects his longstanding role as a moral guide for the people of Kano and the wider region.
For those looking to invest in the refinery, the message is clear: safeguard essential household expenses and assets before committing capital to the venture.
<small>Source: AllAfrica Nigeria — read the original story there.</small>
