ABUJA – President of the Dangote Group, Alhaji Aliko Dangote, has announced plans to allow Nigerians to own shares in his $20 billion refinery, one of the largest in the world.
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Dangote made this revelation during the Global Commodity Insights Conference on West African Refined Fuel Markets, held in Abuja. The event was organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in partnership with S&P Global Insights.
“Very soon, the refinery will be listed to give all Nigerians the opportunity to become shareholders,” Dangote stated.
He also expressed the company’s readiness to collaborate with African governments, private investors, and regional institutions, adding, “Our vision is simple but ambitious—Africa should refine all the petroleum products it consumes right here on the soil of Africa.”
Highlighting the refinery’s role in transforming the continent’s energy landscape, Dangote revealed that the plant is currently producing 2,500 tonnes of Liquefied Petroleum Gas (LPG) daily.
“We’re working to encourage more homes to increase LPG consumption or utilisation, and we’re just getting started,” he said.
