Aliko Dangote, President of Dangote Industries Limited, has thanked President Bola Tinubu for bold economic reforms, including the removal of the fuel subsidy and the liberalisation of the foreign exchange market.
Dangote made the remarks on Monday at the Nigerian Exchange in Lagos while formally launching the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals.
He also commended Tinubu’s leadership and said the Dangote Refinery was supporting the administration’s efforts.
“I want to thank him for taking a lot of bold steps by removing the subsidy and democratising the exchange rate…” Dangote said.
The billionaire industrialist added that the Dangote Group would continue to partner with the government to contribute to national development.
“So, we thank you very much for your leadership and we will continue to partner with the government to ensure that we make this country great and we make Africa great,” he stated.
A former president of the Nigerian Exchange, Dangote expressed surprise at the transformation of the bourse.
“I was the president of this exchange. Even when I was inviting people to come and help me turn the exchange around to make it a world-class exchange, I never thought this exchange would be at this level in 2026,” he said.
He noted that a larger ceremony would be held with Tinubu in attendance.The refinery’s IPO, which opened on Monday, offers 4.1 billion new ordinary shares at ₦525 per share, with a minimum subscription of 10 shares valued at ₦5,250.
The offer is scheduled to close on 13 October 2026, subject to the terms of the prospectus.