Dangote: Nigerians to buy refinery shares within five months
Aliko Dangote, President and Chief Executive Officer of the Dangote Group, has revealed that Nigerians will soon have the opportunity to own shares in the Dangote Refinery, with plans underway to open the investment window within the next five months.
Dangote made this known while speaking with journalists during a guided tour of the refinery facility attended by Bayo Ojulari, the Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, alongside members of the companyโs executive management team.
According to him, the planned public offer is part of efforts to deepen local participation in the refinery project and allow ordinary Nigerians to benefit directly from the massive industrial investment. He explained that preparations are ongoing to ensure regulatory compliance and transparency before the shares are made available to the public.
The visit by NNPC executives was aimed at strengthening collaboration between the state oil company and the Dangote Group, as both parties continue to work towards boosting Nigeriaโs refining capacity and reducing dependence on fuel imports.
Dangote highlighted that the refinery, one of the largest single-train refineries in the world, is positioned to transform Nigeriaโs energy sector by stabilising fuel supply, supporting economic growth and creating employment opportunities.
Industry observers say the planned share sale could attract significant investor interest, particularly from Nigerians seeking opportunities in the oil and gas sector. However, financial analysts also note that details regarding pricing, listing platforms and eligibility requirements are expected to be clarified in the coming months.
More details are expected once the company completes its engagement with regulatory authorities and finalises the framework for the public offering.
