Billionaire Industrialist Aliko Dangote has announced plans to list the Dangote Refinery and its accompanying fertilizer plant on the Nigerian stock exchange, allowing Nigerian citizens to become shareholders. This move is set to open up ownership of Africa’s largest oil refinery to the public, a departure from its current structure which is limited to big corporations and wealthy investors.
The announcement was made by Dangote himself, who stated that the public offering for the Dangote Fertilizer plant is planned for the end of 2025, while the Dangote Refinery will open up for public ownership by 2026.
This initiative will enable individual Nigerians to directly invest in and own a stake in these major industrial projects, which are considered to be some of the most ambitious on the continent.
This development is expected to significantly impact Nigeria’s energy and investment landscape, providing a unique opportunity for everyday citizens to contribute to and benefit from the country’s economic growth.
