Their mothers took them to a roadshow. They became shareholders in Nigeria’s biggest company. This is the story of 7 month Abubakar Muhammad Jiddah and Hamida Sulaiman
On Thursday, December 2, 2021, MTN Nigeria hosted a roadshow to engage potential investors on the benefit of purchasing the company’s shares which had just become available in the market. The roadshow started in Abuja with Sokoto being the next point of call.
One of those who attended was Sadiya Sani Garba, the mother of a seven-month-old baby, Abubakar Muhammad Jiddah. She did not need a lot of convincing before she decided to purchase 20 shares for her son at a cost of ₦169 each.
Garba’s action made her son one of the first subscribers of 20 MTN shares in the country. According to Sadiya, she braved all odds to attend the Sokoto event so as to purchase the shares for her son. She expressed conviction in the fact that in the long run, it would be beneficial for her son and he would come to appreciate her for it.
Sadiya wasn’t the only one at the Sokoto roadshow that purchased shares for her child. Hafsat Abdulrasaq also purchased a tranche of 20 shares for her daughter, Hamida Sulaiman. Like Sadiya, Hafsat too braved all odds to make sure she bought the shares for her one-year-old daughter making her a shareholder of MTN.
According to Monsurat Adeniyi, a banker in Lagos, purchasing shares for the purpose of long-term rewards is one of the best financial gifts parents can give their children. She said that both Abubakar Muhammad Jiddah and Hamida Sulaiman already have a headstart that most of their age grades do not have.
When these children grow up, they will be grateful to their parents for making this financial decision for them. They would also likely continue in the area of wise financial decision making not only for themselves but also for their own offspring based on the benefit they will get from what their own parents did for them.
MTN Group announced that it was selling up to 575 million shares in MTN Nigeria in the first phase of a series of offers.
MTN Group owns approximately 78.83% of MTN Nigeria. This public sale will reduce its shareholding to 65% through a series of sales over time. What this means is that ordinary Nigerians can buy from the shares that are being put on the market and be a shareholder.
This offer is expected to give as many Nigerians as possible the opportunity to own shares in MTN Nigeria and maximise participation from local retail investors.
Since it began operation in Nigeria 20 years ago, MTN has had a track record of providing optimum satisfaction for the country’s market. This has in turn generated success both for the group and also consumers.
This offer is an opportunity for Nigerians to be part of the success story of MTN and also represents the company’s intention to sustain positive relationships with shareholders.
It is also an indication of a long-term partnership between MTN and Nigerians.
