The 2027 presidential candidate of the Nigeria Democratic Congress, Peter Obi, has called on Nigerians in the country and abroad to participate in the ongoing Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals.
Obi made the appeal in a statement shared on his X handle on Wednesday, explaining that Nigerians had sought his views on the N2.15tn public offer.
“In the course of my engagements with Nigerians at home and in the diaspora, many of them have sought my opinion on investing in the ongoing Dangote Petroleum Refinery Initial Public Offering,” Obi said.
“While encouraging them to buy, I must say that 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.”
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The former Anambra State governor further urged Nigerian companies to channel investments into productive areas of the economy while creating opportunities for citizens to own stakes in businesses 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-industrialization of the country by offering their shares to the public through public offerings,” he added.
The Dangote Refinery IPO commenced on September 14, 2026, with 4.1 billion new ordinary shares being offered at N525 each. Investors can subscribe for a minimum of 10 shares, costing N5,250.
The N2.15tn offer is scheduled to close on October 13, 2026, in line with the terms set out in the prospectus. The offer is open to retail and institutional investors as well as eligible African investors, providing an opportunity to acquire shares in the refinery located within the Lekki Free Zone in Lagos.