President of the Dangote Group, Aliko Dangote, has revealed that Nigerians will soon be able to own shares in his $20 billion refinery as it prepares to list on the Nigerian Exchange Limited.
Dangote made the announcement at a conference in Abuja organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in collaboration with S&P Global Insights.
He also expressed the company’s readiness to collaborate with African governments, private investors, and regional institutions in transforming the continent’s energy landscape.
“Very soon, the refinery will be listed to give all Nigerians the opportunity to become shareholders,” he said.
“We’re open to partnerships with African governments, private investors, and regional institutions. Our vision is simple but ambitious.
“Africa should refine all the petroleum products it consumes right here on the soil of Africa,” he stated.
CREEBHILLS reports that the Dangote Refinery officially began rolling out fuel in September 2024.
In the past two months, it has also announced two separate fuel price reductions.
The refinery is set to begin the direct distribution of petrol and diesel to consumers starting August 15, 2025.
