The 2027 presidential candidate of the Nigeria Democratic Congress, Peter Obi, has encouraged Nigerians at home and in the diaspora to invest in the ongoing Initial Public Offering (IPO) of the Dangote Petroleum Refinery and Petrochemicals.
Obi made the call in a statement posted on his X handle on Wednesday, noting that many people had sought his opinion on the N2.15 trillion offer.
“In the course of my engagements with Nigerians at home and in the diaspora, many of them have sought my opinion on investing in the ongoing Dangote Petroleum Refinery Initial Public Offering,” he said.
“While encouraging them to buy, I must say that I remain very proud of the commitment and breakthrough of Alhaji Aliko Dangote’s investment in the real sector of our country’s economy, across different sectors. This validates my position that we should move Nigeria from consumption to production.”
The former Anambra State governor also called on other Nigerian businesses to invest in productive sectors and open ownership to citizens through public offerings.
“I, therefore, encourage other Nigerian businesses to invest in the productive sectors of the Nigerian economy and also give fellow Nigerian citizens the opportunity to be part of the re-industrialization of the country by offering their shares to the public through public offerings,” he added.
The Dangote Refinery IPO, which opened on Monday, September 14, 2026, involves 4.1 billion new ordinary shares priced at N525 each.
The minimum subscription is 10 shares, valued at N5,250. The offer is scheduled to close on October 13, 2026, and aims to raise about N2.15 trillion to support expansion of the refinery in the Lekki Free Zone, Lagos.
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