Abuja, July 31, 2025 – Aliko Dangote, the President of the Dangote Group, says shares of his $20 billion refinery will soon be offered to the public..
Dangote disclosed in Abuja at the just concluded Global Commodity Insights Conference on West African Refined Fuel Markets.
He said the refinery would soon be listed on the Nigerian Exchange to give opportunity to willing governments, private investors, and institutions to invest.
“Very soon, the refinery will be listed to give all Nigerians the opportunity to become shareholders. We are 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.
“With our LPG production of 2,500 tonnes per day, we’re working to encourage more homes to increase the LPG consumption or utilisation, and we’re just getting started.
“Let me take this opportunity to address concerns around monopoly and dominance.
“The reality is that too many people who have the means and the opportunity to contribute meaningfully to our nation’s growth choose instead to criticise from the sidelines while investing their wealth abroad.
“Adding little to Nigeria’s real economy or Africa’s economy.
“We have chosen to bet on Nigeria and will continue to do so. So, we should not allow dumping to destroy our manufacturing base like what it did in so many other industries like textiles and others.
“Others should be encouraged to build refineries if they are serious. I think encouraging other people to build refineries is the job of the NMDPRA and also the government,” Dangote said.
