00:00Africa's richest man hailed Monday's share sale of his Nigerian oil refinery as an opportunity to create value for millions
00:08of people across Africa.
00:11Aliko Dangote was speaking as the IPO went live.
00:15Today is a historic day, not only for the Dangote Petroleum Refinery, FZE, and the Dangote Group, but for Nigeria's
00:26capital market and by and large Africa and indeed every Nigerian African who believes in the promise of our nation.
00:34The offering is slated to be the biggest IPO in African history. It's also an opportunity, Dangote says, for small
00:43investors to have a stake in a long-term asset.
00:47Our market is about to go through what we call a big bang, a big bang that puts wealth into
00:54the hands of tens of millions of Nigerians. Nigeria will not be the same again. Africa will not be the
01:01same again.
01:01Thank you, Alaji.
01:05The stock market launch is also being welcomed as inspiration for a new generation of entrepreneurs across the African continent.
01:15A black man can build a company that can have global significance and he did that in a space of
01:23three years.
01:24So this is something that is worth celebrating and that is why it is important. It's important for the young
01:31ones who are coming behind us, for them to know and to believe and to have the hope that they
01:35too can build and they can build businesses that can also shatter the continent.
01:41Investment sites say the offering, which closes on October 13th, has seen a huge surge in demand.
01:48There we only have a lot of governments and the company that they are suffering from 120 to comprises himself.
01:48There it is not a lot of these functions.
01:48It is one of those that is already quite as bad for decades.
01:50It is the church that is being sexist and meaningless but there is human families and also knowing it is
01:50knowing that the conditions are being entendторы.
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