President of the Dangote Group Alhaji Aliko Dangote, has announced plans to list his $20 billion refinery, offering Nigerians the opportunity to become shareholders.
Speaking at the Global Commodity Insights Conference on West African Refined Fuel Markets an event organized by the Nigerian Midstream and Downstream Petroleum Regulatory Authority in collaboration with S&P Global Insights in Abuja, Dangote emphasized his commitment to inclusive ownership and regional self-reliance in energy production.
“Very soon, the refinery will be listed to give all Nigerians the opportunity to become shareholders.
“We are 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 revealed.
Dangote’s refinery, which is located in Lagos, is regarded as the largest single-train refinery in the world.
The listing would mark a significant milestone in democratizing ownership of one of Nigeria’s most transformative projects, potentially deepening public participation in the country’s energy infrastructure.
He also disclosed the refinery’s growing role in the liquefied petroleum gas (LPG) market, noting a current output of 2,500 tonnes per day.
“We’re working to encourage more homes to increase LPG consumption and utilisation, and we’re just getting started,” he added.
