Alhaji Aliko Dangote
Africa’s richest man and President,
Dangote Group, Alhaji Aliko Dangote, has said his company will be ready
to list on the London Stock Exchange by the end of 2016.
Dangote, in a video interview with
Bloomberg published on Tuesday, said, “I think we will list in London.
What we are trying to do now, between now and maybe the next six to 10
months is actually trying to address all the governance issues.
“I
think we will be ready to list sometimes towards ending of 2016 at the
latest, which means anytime between the beginning and the end of 2016.”
Last year, Seplat Petroleum Development
Company Plc, an indigenous oil and gas company, joined the list of
Nigerian companies listed on the LSE.
Speaking on oil price and the Nigerian economy, Dangote said the country could do well with crude price of $60 per barrel.
“Oil at $60, if Nigeria is doing what is
right, actually will do well. We don’t need oil at $110 because it is
not really a realistic price, so to speak,” he said.
On the incoming administration of the
President-elect, Maj.-Gen. Muhammadu Buhari, he said, “I personally
believe that there are quite a lot of challenges for the incoming
government because the expectations are extremely high. But are they
deliverable, especially the promises that they have given? Yes. But they
have to be very focused and target mainly the key issues.”
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