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Northern Christian Leader Urges Christians to Invest in Dangote Refinery IPO

The Chairman of the Northern Christian Association, Rev. Joseph Hayab, has urged Christians in Northern Nigeria to consider investing in the ongoing Dangote Petroleum Refinery Initial Public Offering, saying religious and political considerations should not determine investment decisions.

Hayab made the call on Saturday at a media parley in Kaduna, where he addressed concerns that some Christians in the region might be reluctant to invest because the refinery is owned by Aliko Dangote, a Muslim businessman.

He said the offer involved ownership of shares in a business rather than support for any religious group, urging Christian leaders to educate their members about investment and long-term wealth creation.

“Business has no religion. What Dangote is selling is not Islam; Dangote is selling shares. Shares bring money,” Hayab said.

He encouraged Christians to consider purchasing shares for their children and grandchildren as part of efforts to build assets and secure future financial needs.

“If I have my way, just as they are advertising, every Christian should have 10 shares,” he said.

The Dangote Petroleum Refinery public offer consists of 4.1 billion ordinary shares priced at ₦525 each, with a minimum subscription of 10 shares costing ₦5,250. The offer opened on September 14 and is scheduled to close on October 13, 2026.

Hayab also called for a stronger investment culture among Nigerians, arguing that individuals should look beyond salaries and other earned income and acquire stakes in legitimate businesses.

He said broader local ownership of Nigerian companies could contribute to economic growth by giving more citizens a direct interest in domestic enterprises.

The NCA chairman clarified that his appeal was not limited to the Dangote offer, urging Christians to consider other legitimate investment opportunities available to them.

He disclosed that the association had begun sensitising its members about the refinery IPO through churches across the region and would continue the campaign until the offer closes.

Hayab also appealed for an extension of the subscription period, saying public awareness of the investment opportunity was only beginning to increase.

He urged Nigerians to separate business decisions from politics, noting that political administrations change while businesses can continue operating.

“Today we have Tinubu as president, tomorrow we’ll have another person as president, but we will be having Dangote business all through,” he said.

Hayab further encouraged Christians in Northern Nigeria to support businesses established by entrepreneurs from the region, noting that Dangote is from Northern Nigeria.

Mercy Omotosho

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