Nigerians will soon be able to buy shares in refinery — Dangote
Aliko Dangote announced that Nigerians will soon have the opportunity to buy shares in the Dangote Refinery, aimed at enhancing public ownership.
Aliko Dangote, President of the Dangote Group, revealed that Nigerians will soon be able to invest directly in the Dangote Refinery. This plan is aimed at increasing public ownership and participation in the project. The announcement was made during a tour of the refinery by Bayo Ojulari, the Group CEO of the Nigerian National Petroleum Company Limited (NNPC), along with NNPC board members.
Dangote indicated that individual Nigerians will have the chance to purchase shares in the refinery within the next four to five months. Currently, the NNPC holds a minority stake of 7.25% in the refinery on behalf of the Nigerian public, but the forthcoming initiative aims to broaden access to the investment opportunity for ordinary citizens.
This move by Dangote not only represents a significant step towards enhancing public ownership of critical national infrastructure but also aligns with the growing trend of encouraging local investments in Nigeria's economy. The initiative may provide individuals with a chance to benefit from one of the largest refinery projects in Africa, thereby potentially impacting the country's oil sector and creating economic empowerment for many Nigerians.