Dangote Refinery to List on Stock Exchange Within Five Months
By 𝔸bdulrazak Tomiwa
The announcement followed a high-level visit by NNPC leadership to the Lekki facility. Dangote described the meeting as a pivotal moment, signaling a new era of cooperation between the private refinery and the national oil company.
Going public aims to grant Nigerians a sense of ownership in the massive project. Dangote emphasized that the refinery is a national asset designed to boost the local economy and ensure long-term energy security.
Reflecting on the collaboration with the NNPC delegation, Dangote stated, “Today is my best day ever since we started this project. This visit shows that we are on the same page with the NNPC to ensure energy security for Nigeria.”
NNPC CEO Bayo Ojulari reaffirmed the corporation’s commitment to the refinery’s success. The partnership focuses on streamlining crude supply and domestic product distribution to finally end Nigeria’s reliance on imported fuel.
Upon listing, the refinery will become a dominant force on the Nigerian stock market. The move is expected to attract significant investment and allow citizens to profit directly from one of the world’s largest industrial ventures.
