The President of Dangote Group, Aliko Dangote, has said investors applying with N50,000 and below will receive priority in the Dangote Refinery initial public offering as the company seeks to widen participation in the share sale.
Dangote stated this during the final leg of the nationwide IPO roadshow in Port Harcourt, Rivers State, where investors, financial market experts, business leaders and other stakeholders gathered to discuss the offering.
“We will prioritise people with 50,000 and below,” Dangote stated, according to a Wednesday statement by the Dangote Group.
He said the IPO offered Nigerians an opportunity to become shareholders in the refinery, which he described as a major industrial project built on Nigerian soil.
According to him, international and African investors had already committed substantial capital to the refinery, but the public offering would allow Nigerians to participate directly in its ownership.
“African investors have invested in this refinery. Now it
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