President/chief executive of Dangote Industries Limited, Aliko Dangote, said retail investors would get priority allocation if the Dangote Refinery Initial Public Offer (IPO) is oversubscribed. Dangote said the offer was deliberately structured to broaden ownership of one of Africa's most strategic industrial assets and provide millions of Nigerians with an opportunity to participate directly in the refinery's growth and future value creation. The IPO is designed to deepen financial inclusion and democratise wealth creation by opening ownership to a wider segment of society. Dangote stated that one of the core objectives of the offer is to build one of the largest shareholder communities in Africa, with a target of attracting not less than 10 million investors from Nigeria and across the continent. He described the public offer as more than a capital-raising exercise, calling it a historic opportunity to deepen financial inclusion and democratise wealth creation.
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