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Nigeria Democratic Congress (NDC) presidential candidate Peter Obi has urged Nigerians to invest in the ongoing Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals.
Obi made the call in a post on his X (formerly Twitter) handle on Wednesday, saying Nigerians at home and abroad had sought his views on the N2.15 trillion offer.
He encouraged those who had asked for his opinion to consider buying shares, while praising Aliko Dangote’s investment in Nigeria’s real economy.
Obi said the refinery’s development demonstrates the importance of moving Nigeria away from dependence on consumption towards greater domestic 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,” he added.
The former Anambra State governor also called on other Nigerian businesses to invest in productive sectors and create opportunities for citizens to participate in company ownership through public offerings.
He said wider public participation in share ownership could contribute to the country’s re-industrialisation.
“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 opened on September 14, 2026, offering 4.1 billion new ordinary shares at N525 each. The minimum subscription is 10 shares, valued at N5,250.
The N2.15 trillion offer is scheduled to close on October 13, subject to the terms contained in the prospectus.
The offer is open to retail, institutional, and eligible African investors, giving them an opportunity to acquire shares in the refinery, located in the Lekki Free Zone in Lagos.
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.
While encouraging them to buy, I must say that I remain very proud of the commitment…
— Peter Obi (@PeterObi) September 16, 2026
