Dangote Refinery to Open Shares to Nigerians in 4–5 Months, Aliko Dangote Confirms

Nigerians eager to invest in the Dangote Refinery have received an official confirmation from the owner himself. Aliko Dangote of the Dangote Group, announced that Nigerians will be able to purchase shares in the refinery individually within the next four to five months.
The landmark confirmation marks a historic opportunity for local investors to participate in one of Africa’s most transformative industrial projects. The Dangote Refinery, valued at over $20 billion, has already reshaped Nigeria’s downstream petroleum sector, reducing dependence on imported fuels and significantly improving domestic refining capacity.
NNPC’s Strategic Stake and National Significance
The Nigerian National Petroleum Company (NNPC) Limited holds about 7.25% of shares in the refinery — a stake larger than Elon Musk’s holding in Tesla, Inc.. This underscores the refinery’s strategic national importance and aligns with government objectives to encourage local participation in critical infrastructure.
According to Dangote, investors purchasing shares will earn dividends in either naira or dollars, offering flexible returns aligned with investor preferences. “We want Nigerians to be part of this journey and benefit directly from the refinery’s profits,” Dangote said.
Public Offering Timeline and Investor Considerations
The upcoming public offering represents a significant moment for Nigeria’s capital market. Experts note that listing shares from a project of this scale requires meticulous planning, regulatory approvals, and investor education to ensure transparency and success.
“Offering shares in a facility of this magnitude is unprecedented in Nigeria,” said a Lagos-based investment analyst. “It’s an opportunity for Nigerians to own a stake in Africa’s largest refinery while enjoying tangible dividends. The timeline of four to five months seems realistic if all preparatory work continues smoothly.”
The refinery was financed through a combination of equity, syndicated bank loans, and international financing. The public offering is expected to broaden ownership, allow debt refinancing, and promote national participation in a critical industrial asset.
Market and National Impact
The Dangote Refinery’s listing is expected to attract strong interest from both retail and institutional investors, boosting Nigeria’s investment ecosystem. Beyond profits, the refinery symbolizes national pride, energy security, and industrial development.
Aliko Dangote’s announcement signals a new chapter where Nigerians can directly share in the economic and strategic benefits of one of Africa’s most ambitious private sector projects.
In the News Nigerians will soon be able to invest in the Dangote Refinery, with shares available in 4–5 months, confirmed by Aliko Dangote. NNPC owns 7.25% stake, and investors can earn dividends in naira or dollars. Aliko Dangote confirms Nigerians can buy shares in the Dangote Refinery in 4–5 months. NNPC holds 7.25% stake, dividends payable in naira or dollars.