DANGOTE SAYS INVESTORS APPLYING WITH N50,000 OR LESS TO GET PRIORITY IN REFINERY IPO
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By Aishat Momoh. O.
President of the Dangote Group, Aliko Dangote, has said investors applying with ₦50,000 or less will receive priority in the Dangote Refinery’s initial public offering (IPO) as the company seeks to widen participation in the share sale.
Dangote made the disclosure during the final leg of the nationwide IPO roadshow in Port Harcourt, Rivers State, where investors, financial market experts, business leaders and other stakeholders gathered to discuss the offering.
“We will prioritise people with 50,000 and below,” Dangote said, according to a statement issued by the Dangote Group on Wednesday.
He described the IPO as an opportunity for Nigerians to become shareholders in the refinery, which he said was a major industrial project built on Nigerian soil.
According to him, international and African investors had already committed substantial capital to the refinery, but the public offering would enable Nigerians to participate directly in its ownership.
“African investors have invested in this refinery. Now it is time for Nigerians to invest in themselves and participate in a project that is creating value, jobs and opportunities for generations to come,” he said.
Dangote also encouraged prospective investors to adopt a long-term investment approach, saying participation in the IPO could create opportunities for wealth creation and portfolio diversification.
He added that broader participation in the capital market would deepen financial literacy, encourage a savings and investment culture, and help Nigerians understand how businesses create value and contribute to economic growth.
Speaking at the event, economist Bismarck Rewane highlighted the economic potential of the South-South region, stressing the need to translate its natural resources into sustainable prosperity, infrastructure development and improved living standards.
Rewane also described the IPO as an opportunity to deepen Nigeria’s capital market by encouraging citizens to participate more actively in wealth creation.
Similarly, financial expert Muda Yusuf outlined the refinery’s potential contributions to economic diversification, domestic value addition, energy security, capital formation and employment generation.
Yusuf said the refinery’s impact could extend beyond petroleum processing to industries such as petrochemicals, packaging, manufacturing, logistics and other downstream sectors.
He also emphasised the importance of policy consistency, regulatory stability and sustained stakeholder engagement in maintaining investor confidence and attracting long-term capital into Nigeria’s industrial sector.
Describing the refinery as an example of domestic value addition, Yusuf said its local content and industrial linkages could increase its contribution to the Nigerian economy.
The discussions also highlighted the importance of sound monetary policy, affordable financing and a predictable business environment in supporting investment-led growth and industrial expansion.
Business leader Paul Usoro expressed satisfaction with the participation of investors from the South-South region.
“My joy is to see the South-South well represented,” Usoro said, emphasising the importance of ensuring that investors from the region took advantage of the offering.
The Port Harcourt engagement marked the final stop of the nationwide roadshow, which was organised to raise awareness of the IPO and encourage wider participation in the refinery’s ownership.
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