President of the Dangote Group, Aliko Dangote, has urged Nigerians and other eligible investors to take advantage of the Initial Public Offering of the Dangote Petroleum Refinery and Petrochemicals FZE, saying the investment could provide dollar-denominated dividends to help families with children studying abroad.

Dangote made the remarks on Monday, September 14, 2026, during the formal opening of the refinery’s IPO on the Nigerian Exchange trading floor in Lagos. Channels Television reported the development.

The offer comprises 4.1 billion new ordinary shares at ₦525 per share, with a minimum subscription of 10 shares valued at ₦5,250. The offer is scheduled to close on October 13, 2026, subject to the terms contained in the prospectus.

Dangote said the opportunity was designed to extend ownership of the refinery beyond a small group of investors and allow ordinary Nigerians, including teachers and civil servants, to participate in the company’s growth.

“The IPO provides opportunity for teachers, civil servants, people who even have their children abroad, to now have the confidence of keeping them abroad, so that even when there is devaluation, they will continue to pay their school fees because you will be getting your dividends in dollars,” he said.

He also said the refinery’s listing was not primarily aimed at raising funds, noting that the Dangote Group already had sufficient resources for its planned investments.

According to Dangote, the group has $46 billion in projects and investments in its pipeline as it works towards its Vision 2030 objectives.

He described the IPO as an opportunity for Nigerians, Africans and investors globally to own a stake in the refinery, which he predicted would become the largest company in Africa by the end of 2026.

The public offer is expected to raise approximately ₦2.15 trillion, with proceeds earmarked for the refinery’s long-term growth, operational expansion and strategic investments.

The company said eligible investors can subscribe through approved channels, including NGX Invest, designated commercial banks and authorised investment platforms, subject to the prospectus.

Dangote said the decision to open ownership to the public was intended to enable more people to share in the value created by the refinery and its future expansion.