Dangote Promises Priority For Small Investors In Refinery IPO, Says ₦525 Share Will Hit ₦10,000

President of Dangote Group, Aliko Dangote, has assured Nigerians that small investors will be given priority in the forthcoming Initial Public Offering, IPO, of the Dangote Refinery, with shares set to be listed at ₦525.

Dangote gave the assurance in an interview with content creator Abis Fulani, where he addressed concerns by many Nigerians who are hesitant to invest.

According to him, the IPO is structured to favour retail investors buying small amounts such as ₦50,000 and ₦100,000, while big institutional investors will not get all they apply for.

“When you do IPO, small retail investors get priority first. The big institutional investors who apply won’t get everything they request. Small investors looking to buy ₦50,000, ₦100,000, they are the ones who will be given priority,” Dangote said.

The billionaire industrialist said the refinery share, which will start at ₦525, has the potential to rise to ₦10,000 in future, turning small investments into huge wealth.

“This share where we are starting at ₦525, one day this share will reach ₦10,000. So if you buy it and it rises to ₦10,000 — where you originally invested ₦5 million, it will become over ₦50 million plus. You have become wealthy,” he said.

Dangote added that the investment will not affect investors’ daily jobs, as they will continue to earn dividends without fear of naira devaluation.

He said investors will have the option to receive their dividends either in Naira or in Dollars as a hedge against currency devaluation.

“Because you can choose whether to receive your dividend in Naira or in Dollars. For instance, if you have a child studying in England, and devaluation happens, you won’t suffer. Since you hold these shares, your returns come in dollars,” he explained.

He said the dollar dividend option is designed to protect families from exchange rate shocks, such as when the rate moved from ₦400 to ₦1,800, which often leaves students abroad stranded.

“That way, your child won’t be stranded because the exchange rate jumped. Most of these students are undergraduates. That is precisely the kind of hardship we want to prevent,” Dangote said.