LunagisthubNigerians to Buy Shares in Dangote Refinery: A Game-Changer for the Economy
Nigerians will soon have the opportunity to invest in the Dangote Refinery, as the company plans to offer shares to the public within the next 4-5 months. This move is part of efforts to broaden public ownership of the project, according to Aliko Dangote, President of the Dangote Group.
The refinery, currently partly owned by NNPC (7.25% on behalf of Nigerians), will allow individuals to buy shares and earn dividends in either naira or dollars. Dangote emphasized flexibility and growth potential, saying, “The sky is the limit”.
The refinery is expected to strengthen operations, create opportunities, and position Nigeria as a key supplier across Africa. New industrial projects, including linear alkylbenzene production, will cater to the entire African continent .
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