The Chief Executive Officer, Dangote Group, Aliko Dangote, has disclosed his vision to make the Dangote refinery the largest refinery in the world by 2028.
Currently, the 700,000 barrels per day refinery, situated in Lagos State, is Africa’s largest refinery.
He made the remark on Monday at the preliminary signing ceremony for the proposed initial public offering (IPO) of Dangote Petroleum Refinery and Petrochemicals.
The IPO comprises 4.1 billion ordinary shares at N525 each and is expected to raise just over N2tn, according to Dangote.
The businessman said the minimum subscription would be 10 shares.
