Aliko Dangote, President and Chief Executive of the Dangote Group, has announced that Nigerians will soon be able to purchase shares directly in the Dangote Refinery, with plans expected to materialise within the next four to five months.
Dangote made the disclosure while speaking to journalists during a facility tour by the Nigerian National Petroleum Company Limited, led by its Group Chief Executive Officer, Bayo Ojulari, and members of the company’s executive management team.
He explained that NNPC currently holds a 7.25 percent stake in the refinery on behalf of Nigerians, describing the investment as a strong vote of confidence in the project. According to him, individual citizens will soon have the opportunity to become direct shareholders, further broadening public participation in what he described as a landmark industrial venture.
Dangote also stated that prospective investors will be able to receive dividends in either naira or dollars, noting that the refinery earns revenue in foreign currency as well as in the domestic market.
Describing the NNPC visit as a significant moment, Dangote said the company is not merely a guest but a strategic partner that invested in the refinery at a time when its prospects were still uncertain. He praised the renewed collaboration with the current NNPC leadership and expressed optimism about deeper cooperation to strengthen Nigeria’s energy security and industrial growth.
On future partnerships, he hinted at possible joint ventures in the upstream oil and gas sector, referencing oil blocks 71 and 72. He said discussions are ongoing and suggested that collaboration could extend both upstream and within the refinery’s broader industrial operations.
Dangote emphasised that the refinery is designed as more than a fuel processing facility, describing it as an industrial hub. He revealed that production of linear alkylbenzene, a key raw material used in detergent manufacturing, will soon commence. The refinery had earlier indicated that surfactant production would begin in the near term.
With a projected annual capacity of 400,000 tonnes for detergent raw materials, Dangote said the plant will be positioned to supply the entire African market. He noted that current production capacities in countries such as Algeria and Egypt are significantly lower. The full output target, he added, is expected to be achieved within the next 30 months.
The planned public share offer and expansion into industrial raw materials signal a new phase for the refinery, positioning it as both a strategic energy asset and a catalyst for broader economic development.
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