Nigerians will soon have the opportunity to enter directly into the capital of the Dangote refinery. Aliko Dangote, Chairman and CEO of the Dangote Group, announced that the sale actions to the public will take place within a period of four to five months.

The announcement was made during a visit to installations by the CEO of the Nigerian National Petroleum Group Company (NNPC) Limited, Bashir Ojulari, accompanied by members of the upper direction. Dangote recalled that the NNPC currently holds 7.25% of the capital of the refinery “on behalf of Nigerians”, stressing that this participation exceeds that owned by Elon Musk in Tesla.

According to the manager, future individual shareholders will be able to receive dividends in nairas or dollars, the refinery generating revenues in local currency and foreign currencies. He described the Ojulari visit as a significant moment, insisting that the NNPC is not just an institutional partner, but a genuine strategic shareholder who invested in the project at a stage where its success was not guaranteed.

Dangote was also confident about strengthening cooperation with the current management of the NNPC in order to consolidate energy security and industrial development in Nigeria. Discussions are under way concerning possible upstream collaboration, particularly around the OML 71 and 72 operating permits, with prospects of joint participation.