Africa’s richest man and President of Dangote Industries Limited, Aliko Dangote, has revealed plans to list the Dangote Petroleum Refinery on the Nigerian Stock Exchange (NGX) — a move set to open ownership of the multibillion-dollar facility to ordinary Nigerians.
Speaking at a world press conference, Dangote said the planned listing aligns with his vision of empowering Nigerians to participate directly in one of the country’s largest industrial ventures.
“This move will allow every Nigerian, regardless of status, to become a part-owner of the refinery and benefit from its long-term value,” Dangote stated.
The refinery, which is among the world’s largest single-train facilities, is expected to play a key role in transforming Nigeria’s oil and gas landscape by reducing fuel imports and strengthening the naira through local refining and export of petroleum products.
Details shortly…
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