President and Chief Executive Officer of Dangote Industries Limited, Alhaji Aliko Dangote, has unveiled plans to list the multibillion-dollar Dangote Petroleum Refinery on the Nigerian Exchange (NGX).
Dangote made the disclosure during a world press conference, explaining that the decision is part of efforts to give Nigerians a sense of ownership in the landmark project and allow them to benefit directly from its future gains.
“This move will allow every Nigerian, regardless of status, to become a part-owner of the refinery and benefit from its long-term value,” Dangote said.
The listing, once completed, will make the refinery one of the largest publicly traded industrial entities in the country and is expected to boost investors’ confidence in the Nigerian capital market.