By Muhammad Mamman
Alhaji Aliko Dangote, President of the Dangote Group, has announced that Nigerian citizens will soon have the opportunity to acquire shares in his $20 billion refinery.
Speaking at the Global Commodity Insights Conference on West African Refined Fuel Markets, held in Abuja and co-organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority and S&P Global Insights, Dangote outlined his plans.
“In the near future, the refinery will be listed, enabling all Nigerians to become shareholders. We are open to forming partnerships with African governments, private investors, and regional institutions. Our vision is both straightforward and ambitious: Africa should refine all the petroleum products it consumes on its own soil.
“With our current LPG production capacity of 2,500 tonnes per day, we are actively promoting increased LPG usage in households, and this is merely the beginning,” he stated.
