Dangote said the minimum subscription has been set at 10 ordinary shares, giving ordinary Nigerians, as well as institutional investors, an opportunity to own a stake in one of Africa’s largest industrial projects. He said the offer was deliberately structured to broaden public ownership and allow more Nigerians to participate in the refinery’s future.
He explained that the share offer is not simply about raising capital, but about giving Nigerians from different walks of life the opportunity to become shareholders in the refinery—including drivers, cleaners, house helps and other ordinary citizens.
According to Dangote, the initiative is aimed at “democratizing wealth creation” and allowing millions of investors to have a stake in Africa’s industrial future. He described it as part of the legacy he wants to leave behind, noting that “nobody will live forever.”
