Dangote: N100,000 Investment Could Yield Millionaire Returns

Aliko Dangote, President of Dangote Industries Limited, announced that investors purchasing shares in Dangote Petroleum Refinery and Petrochemicals could potentially become millionaires within one to two years if the share price appreciates significantly. In an interview with Arise TV, he discussed the refinery's Initial Public Offering (IPO) on the Nigerian Exchange Limited (NGX), where shares are offered at N525 each.

Dangote expressed optimism that the price could rise to between N5,000 and N10,000, depending on market conditions. He encouraged investors to hold their shares to benefit from dividends, emphasizing that dividends paid in dollars could protect against naira depreciation.

The IPO, which opened on September 14, 2026, and is set to close on October 13, 2026, comprises 4.1 billion ordinary shares and has attracted billions in subscriptions. Dangote urged Nigerians, including various professionals and students, to invest, framing the IPO as an opportunity for wealth building through ownership of a significant industrial asset.