President of Dangote Group, Aliko Dangote, has said investors applying for ₦50,000 or less will receive priority in the Dangote Refinery initial public offering (IPO), as the company seeks to widen public participation in the share sale.
Dangote made the announcement during the final leg of the nationwide IPO roadshow in Port Harcourt, Rivers State, where investors, financial market experts, business leaders and other stakeholders discussed the offering.
“We will prioritise people with 50,000 and below,” he said, according to a statement issued by the Dangote Group on Wednesday.
He described the IPO as an opportunity for Nigerians to become shareholders in the refinery, which he said was a major industrial project built in Nigeria.
Dangote noted that international and African investors had already committed substantial capital to the refinery, adding that the public offering would allow more Nigerians to participate directly in its ownership.
“African investors have invested in this refinery. Now it is time for Nigerians to invest in themselves and participate in a project that is creating value, jobs and opportunities for generations to come,” he said.
He urged prospective shareholders to adopt a long-term investment approach, noting that participation could offer opportunities for wealth creation and portfolio diversification.
Dangote also said broader participation in the stock market could improve financial literacy, encourage savings and investment, and help Nigerians understand how businesses create value and contribute to economic growth.
At the event, economist Bismarck Rewane highlighted the economic potential of the South-South region, stressing the need to convert its natural resources into sustainable prosperity, infrastructure development and improved living standards.
Rewane said the IPO could also strengthen Nigeria’s capital market by encouraging citizens to participate more actively in wealth creation.
Financial expert Muda Yusuf discussed the refinery’s potential contributions to economic diversification, domestic value addition, energy security, capital formation and employment.
He noted that its impact could extend beyond petroleum processing to petrochemicals, packaging, manufacturing, logistics and other downstream industries.
Yusuf also emphasised the importance of consistent government policies, regulatory stability and continued engagement with stakeholders to sustain investor confidence and attract long-term capital.
He described the refinery as an example of domestic value addition, noting that its local content and industrial connections could increase its contribution to the Nigerian economy.
The discussions further highlighted the role of sound monetary policy, affordable financing and a predictable business environment in supporting investment and industrial growth.
Business leader Paul Usoro welcomed the participation of investors from the South-South region, stressing the importance of ensuring they benefited from the offering.
The Port Harcourt event concluded the nationwide roadshow organised to raise awareness of the IPO and encourage wider participation in the refinery’s ownership.
