Alhaji Aliko Dangote, President of the Dangote Group, has revealed plans to list his $20 billion refinery, allowing Nigerians to become shareholders.
Speaking at the Global Commodity Insights Conference on West African Refined Fuel Markets in Abuja, hosted by the Nigerian Midstream and Downstream Petroleum Regulatory Authority and S&P Global Insights, Dangote outlined his vision for the project.
He emphasized opening the refinery to partnerships with African governments, private investors, and regional institutions.
“Very soon, the refinery will be listed to give all Nigerians the opportunity to become shareholders.
"We are open to partnerships with African governments, private investors, and regional institutions. Our vision is simple but ambitious.
“Africa should refine all the petroleum products it consumes right here on the soil of Africa.
“With our LPG production of 2,500 tonnes per day, we’re working to encourage more homes to increase the LPG consumption or utilisation, and we’re just getting started,” he said.
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