President of Dangote Group, Aliko Dangote, has announced that Nigerians will soon be able to invest directly in the Dangote Refinery, describing the initiative as a major step toward expanding public ownership of the multibillion-dollar project.
Dangote made the disclosure on Saturday during a visit by the Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, to key sections of the refinery, including the master control room. The visit focused on strengthening collaboration between NNPC and the Dangote Group across the energy value chain.
According to Dangote, individual Nigerians will be given the opportunity to purchase shares in the refinery within the next four to five months. He explained that a 7.25 per cent equity stake in the project is currently being held on behalf of Nigerians, adding that the planned public offering would allow citizens to benefit directly from the refinery’s operations.
He further disclosed that prospective shareholders would have the option of receiving dividends either in naira or in dollars, noting that the refinery earns revenue in foreign currency. Dangote said the flexibility was aimed at making the investment attractive and accessible to a broad range of Nigerians.
Emphasising cooperation with NNPC Limited, Dangote said both organisations would continue to work closely to ensure the refinery delivers maximum value to the country. He hinted at possible partnerships in upstream oil and gas operations, while also noting that NNPC could deepen its involvement in the refinery’s activities.
Dangote described the facility as more than just a refinery, calling it an industrial hub with the potential to drive economic growth, create jobs, and make Nigerians proud.
