Nigerians to Buy Shares in Dangote Refinery Soon

Aliko Dangote, the billionaire businessman and CEO of Dangote Group, announced that Nigerians will have the opportunity to purchase shares in the Dangote Refinery within the next four to five months. This announcement was made during a tour of the refinery, where he emphasized the importance of national ownership in the project.

Currently, the Nigerian National Petroleum Company Limited (NNPCL), represented by Bayo Ojulari, holds a minor stake in the refinery on behalf of the Nigerian public. Dangote highlighted that this initiative is part of a broader strategy to deepen cooperation with NNPCL and strengthen operations at the refinery, ultimately expanding Nigeria's energy industry capacity.

Additionally, discussions are ongoing regarding potential joint ventures across the oil and gas value chain. Dangote also mentioned new industrial projects within the refinery complex, including the production of linear alkylbenzene, a key raw material used in detergents, which positions the refinery as a major supplier across the continent.