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 as it prepares to list on the Nigerian Exchange Limited. He made the disclosure during a conference held in Abuja, organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in collaboration with S\&P Global Insights.
Dangote expressed his companyβs willingness to collaborate with African governments, private investors, and regional institutions. He stressed that Africa should refine all the petroleum products it consumes within the continent. βVery soon, the refinery will be listed to give all Nigerians the opportunity to become shareholders. Weβre 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,β he said.
The Dangote Refinery began rolling out fuel in September 2024 and has implemented two fuel price reductions in the past two months. The company also announced that direct distribution of petrol and diesel to consumers will commence on August 15, 2025.
Source : https://nigeriaworld.com/
