President of the Dangote Group, Aliko Dangote, has announced that Nigerians will soon be able to buy shares in the Dangote Refinery.
Speaking during a refinery tour alongside the Group CEO of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, Dangote revealed that within the next four to five months, individuals will have the opportunity to invest directly in the mega project.
According to him, investors will also have flexibility in how they receive returns — either in naira or in dollars — since the refinery generates foreign exchange earnings.
Dangote further disclosed that NNPC currently holds a 7.25% minority stake in the refinery on behalf of Nigerians, describing the project as one with a national ownership dimension.
Stronger Partnership with NNPC
He noted that discussions are ongoing to deepen collaboration between Dangote Refinery and NNPC, including possible joint ventures in upstream oil operations. Dangote emphasized that the facility goes beyond refining, describing it as a full industrial hub.
Expansion into Industrial Production
Beyond fuel production, Dangote highlighted new projects within the complex, including the manufacturing of linear alkylbenzene — a key raw material used in detergents. He stated that production capacity will be large enough to supply the entire African continent within the next 30 months.
Dangote stressed that both his company and NNPC share a common goal: strengthening Nigeria’s energy security and boosting industrial development.
The planned public share offering is expected to generate significant interest, as Nigerians look to participate directly in one of the country’s largest industrial investments.
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