The President of the Dangote Group, Aliko Dangote, has announced that Nigerians will soon have the opportunity to own shares in his $20 billion refinery upon listing on the Nigerian Exchange Limited.
He disclosed this at a conference in Abuja organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority and S&P Global Insights.
Dangote declared his firm’s readiness to partner with African governments, private investors, and other institutions.
He added that the continent, Africa, should refine all petroleum products it consumes.
“Very soon, the refinery will be listed to give all Nigerians the opportunity to become shareholders.
“We’re open to partnerships with African governments, private investors, and regional institutions. Our vision is simple but ambitious.
“Africa should refine all the petroleum products it consumes right here on the soil of Africa,” he stated.
DAILY POST reports that Dangote Refinery officially kicked off the rollout of fuel in September 2024.
The refinery announced two fuel price reductions in the last two months.
Last month, the refinery said that it would kick off petrol and diesel distribution directly to consumers from August 15, 2025.
