The chairman of Tekedia Capital, Prof. Ndubuisi Ekekwe has indicated interest to invest $3 million in Dangote Refinery.
“Tekedia Capital will take $3 million worth before the IPO day. We’re ready and would like to invest into the discount window of investment banks/underwriters. This is the decision of members of Tekedia Capital Syndicate,” Ekekwe stated this on his X handle, @ndekekwe.
The President of Dangote Group has said “We have enough gasoline to give to at least the entire West Africa, diesel to give to West Africa and Central Africa. We have enough aviation fuel to give to the entire continent and also export some to Brazil and Mexico.
“As I said, give us three or a maximum of four years and Africa will not, I repeat, not import any more fertilizer from anywhere. We will make Africa self-sufficient in both potash, phosphate, and urea, we are at three million tonnes and in the next twenty months, we will be at six million tonnes of urea which is the entire capacity of Egypt. We are getting there,” Aliko Dangote on Dangote Refinery and Petrochemicals”.
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He maintained that Nigeria should encourage Dangote, by ensuring that he does not import crude oil for his refinery.
“Nigeria should make sure that the refinery has crude oil. If that happens, there is a possibility for the nation to compound the value from this refinery. Indeed, this company should not be importing crude oil. Nigeria is lucky to have Dangote because when great entrepreneurs emerge, nations rise. Aliko Dangote is serving his nation.
“Alhaji, I am making it public: when you think it is necessary to select investment bankers/underwriters to take Dangote Refinery public, Tekedia Capital will take $3 million worth before the IPO day.
“We’re ready and would like to invest into the discount window of investment banks/underwriters. This is the decision of members of Tekedia Capital Syndicate,” Ekekwe tweeted.
