Billionaire businessman, FeminOtedola has explained that long-term wealth preservation, export potential and shareholder value are some of the factors that informed his decision to buy shares of Dangote Cement, one of Nigeria’s largest companies.
According to a statement issued on Monday, January 22, 2024, Otedola emphasized the strategic nature of his investment in Dangote Cement.
He stressed that as the only cement company in Nigeria with two export terminals, with a combined export capacity of 8 million tons per annum, he is confident in Dangote Cement’s potential to generate foreign exchange for the country, as such, his dedication to supporting businesses that contribute to Nigeria’s economic resilience.
