Refinery listing will open Africa’s industrial wealth to investors — Dangote

President of Dangote Group, Aliko Dangote, has said the planned listing of Dangote Petroleum Refinery on the Nigerian Exchange will allow more Africans to directly benefit from the continent’s industrial growth and prosperity.

Dangote made this known during a visit by officials of South Africa’s Government Employees Pension Fund, GEPF, Public Investment Corporation, PIC, and Alterra Capital Partners to the Dangote Petroleum Refinery in Ibeju Lekki, Lagos State, where he stressed the need for large scale industrial investments across Africa.

According to him, the refinery listing is designed to expand investment opportunities, create jobs, strengthen production capacity and support economic growth across the continent.

“We want Africans to be part of this journey and benefit directly from the industrial opportunities being created,” he said.

Dangote added that the company initially focused on serving Nigeria’s energy needs but growing demand across local and export markets has reinforced the need for expansion.

He noted that industrial projects of such scale are critical to reducing dependence on foreign markets and boosting Africa’s economy.

Chairman of GEPF, Frans Baleni, described the refinery as proof that Africa can deliver transformational infrastructure projects through strong leadership and strategic investment, adding that rising investor interest shows growing confidence in Africa-led industrialisation.