Aliko Dangote says the planned initial public offering of Dangote refinery may be held in September, driven by investor demand running into “billions of dollars”. Speaking when Femi Otedola visited the facility, Dangote said advisers are still working on the valuation.
He intends to broaden ownership through the public offer, allowing more Nigerians to participate. Otedola praised Dangote for delivering Africa “from economic slavery”. The refinery is projected to be the world’s largest.
Key Points:
An IPO would allow ordinary Nigerians to own shares in Africa’s biggest industrial project.
Strong investor demand suggests confidence in the refinery’s long‑term profitability.
Proceeds from the listing could fund expansion and reduce the group’s debt burden.
Otedola’s “economic slavery” comment highlights the refinery’s strategic importance for fuel self‑sufficiency.
The September timeline, if met, would be a major milestone for Nigeria’s capital market.
Sources: The Cable
