Peter Obi Urges Nigerians to Invest in Dangote Refinery IPO

Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC), has encouraged Nigerians at home and abroad to invest in the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals.

Obi made the call in a statement shared on his X handle on Wednesday while responding to enquiries from Nigerians seeking his opinion on the refinery’s ₦2.15 trillion IPO.

The former Anambra State governor said he was proud of Aliko Dangote’s investment in Nigeria’s real sector, noting that the development aligned with his position that the country should move from consumption to production.

“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.”

“This validates my position that we should move Nigeria from consumption to production.”

Obi also urged other Nigerian businesses to invest in productive sectors and provide citizens with opportunities to own shares in their companies through public offerings.

The Dangote Refinery IPO is aimed at broadening public participation in the ownership of the petroleum refining business.