Presidential candidate of the Nigerian Democratic Congress (NDC), Peter Obi, has encouraged Nigerians to consider investing in the ongoing Initial Public Offering (IPO) of the Dangote Petroleum Refinery, describing the project as a significant investment in Nigeria’s productive economy.
Obi made the remarks in a message shared on his X handle, responding to questions he said Nigerians at home and in the diaspora sent about the refinery’s public offering.
While encouraging Nigerians to participate in the offer, Obi expressed pride in Alhaji Aliko Dangote’s investment in Nigeria’s real sector and across different areas of the economy.
He said the development reinforced his long-standing position that Nigeria needed to move from a consumption-driven economy towards greater production.
‘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,’ Obi said.
The former Anambra State governor also called on other Nigerian businesses to increase investment in productive sectors of the economy.
He urged companies with the capacity to do so to give Nigerians opportunities to participate in business ownership by offering shares to the public 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-industrialisation of the country by offering their shares to the public through public offerings,’ he said.
The Dangote Petroleum Refinery and Petrochemicals public offer was approved by the Securities and Exchange Commission (SEC) in September 2026. The SEC has advised prospective investors to use only officially designated and approved subscription channels and to carefully review the approved prospectus before investing.
The official Dangote IPO platform currently lists the offer price at ?525 per share, with a minimum subscription of 10 shares, while subscription dates are subject to the official timetable.