Follow Us on Google
The President/CEO of Dangote Group, Aliko Dangote, has announced plans to list Dangote Petroleum Refinery and Petrochemicals and Dangote Fertiliser Limited on the Nigerian Exchange Group (NGX) by the first quarter of 2025.
Dangote emphasized that the listings would enable Nigerians to participate in the ownership of these multibillion-dollar companies, thereby broadening their benefits.
Dangote articulated his vision for Africa’s future, emphasizing the need for the continent to harness its resources and capabilities to foster prosperity. He pointed out that by exporting raw materials and importing finished goods, Africa inadvertently imports poverty and exports jobs.
Other News
“We hope to list the refinery and fertiliser plant on the NGX by the first quarter of 2025. Our joy lies in fostering self-sufficiency for Africa and promoting a circular economy where mutual growth is achievable. Our export strategy aims to alleviate foreign exchange pressures on the economy,” Dangote stated.
Speaking to media executives in Lagos recently, Dangote highlighted the remarkable evolution of the Dangote Group over the past four decades. According to him, what began in 1978 as a commodity trading company has transformed into a diversified conglomerate with investments in cement, agriculture, fertiliser, petrochemicals, oil and gas, auto assembly, and infrastructure, among other sectors. This transformation, he noted, has been driven by the goal of achieving self-sufficiency in key sectors and bolstering Nigeria’s economy.
Regarding operational milestones, Dangote confirmed that the refinery would commence petrol processing in July. He assured that the company would comply with the Domestic Crude Oil Supply Obligations under the Petroleum Industry Act and expressed confidence in meeting Nigeria’s domestic demand for petrol, diesel, kerosene, and aviation jet fuel, with surplus production earmarked for export.
