Peter Obi reacts to Dangote Refinery IPO

The presidential candidate of the Nigeria Democratic Congress, NDC, Peter Obi, has reacted to the Dangote Refinery Initial Public Offering, IPO.

In a statement posted on his verified X handle on Wednesday, Obi commended the President of Dangote Group, Alhaji Aliko Dangote over his giant stride in Nigeria and Africa.

Obi said that Dangote’s move validates his position that Nigeria should move from consumption to production.

He encouraged 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.

“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 and breakthrough of Alhaji Aliko Dangote’s investment in the real sector of our country’s economy, across different sectors,” he wrote.