Leaders from major African stock exchanges visited the Dangote Refinery and Petrochemical Complex in Lagos on Tuesday, as part of preparations for the highly anticipated public listing of Dangote Group shares on the Nigeria Exchange Group (NGX).
The delegation, coordinated by NGX Chairman Alhaji (Dr) Umaru Kwairanga, included representatives from the Johannesburg, Nairobi, Ghanaian, Ethiopian, and Rwandan Stock Exchanges, as well as officials from BVRM (Côte d’Ivoire), Mali, Senegal, and NGX management and trading licence holders.
Welcoming the guests, Alhaji Kwairanga described Dangote Group as a transformative force for Africa’s industrial growth. He lauded founder Alhaji Aliko Dangote GCON as a visionary whose efforts are shifting the continent from reliance on imports to local production. “Through sectors like cement, food, fertiliser, and petroleum, Dangote has not only built businesses but impacted lives and strengthened economies,” he said.
The tour highlighted the Dangote Refinery, the world’s largest single-train refinery, as a key example of this vision. The project aims to reduce Africa’s dependence on imported petroleum products while boosting Nigeria’s foreign reserves and balance of payments.
Alhaji Kwairanga emphasized that the familiarisation visit provides investors and financial advisers an in-depth understanding of the refinery’s operations ahead of the IPO. “This is not just a tour to admire the facility; it is a chance to evaluate the investment and ensure the success of the listing on NGX,” he said.
The Chairman concluded by expressing gratitude to Dangote Industries Limited for hosting the delegation and giving African capital market leaders a firsthand look at one of the continent’s most ambitious industrial projects.
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