Shareholders have commended Alhaji Aliko Dangote, President of the Dangote Group, for his sustained investment in Nigeria, highlighting the profound economic impact on ordinary citizens. They described his journey from a trading and importation business to Africa’s largest indigenous manufacturer and petroleum refiner as a testament to patriotism, dedication, and commitment to the nation.

Far from keeping wealth abroad, Dangote has strategically invested in sectors including cement, petroleum, and household products, positioning himself as the largest local investor in the Nigerian economy. Shareholders pointed out that the Dangote Petroleum Refinery has played a key role in stabilizing the country’s energy supply, allowing Nigerians to enjoy year-end festivities without fuel shortages or exorbitant costs.

Dr. Faruk Umar, President of the Association for the Advancement of Rights of Nigerian Shareholders (AARNS), cited declining transport and energy costs as evidence of Dangote’s economic influence. He highlighted the refinery’s $20 billion investment, its global recognition as the world’s largest single-train refinery, and the recent partnership with Honeywell International Inc. to increase daily processing to 1.4 million barrels per day.

Umar also noted expansions in polypropylene and urea production would boost Nigeria’s manufacturing and agriculture sectors. He encouraged Dangote to list the refinery on the Nigerian Exchange (NGX), allowing ordinary Nigerians to become co-owners and benefit from dividends.

Dangote’s commitment to societal development extends beyond business. The recent launch of the N1 trillion Dangote Education Trust by the Aliko Dangote Foundation aims to benefit 1.3 million students over the next decade, marking a historic achievement in Nigerian philanthropy.

Shareholders urged Dangote to continue investing in sectors like steel, healthcare, infrastructure, and agriculture, and called on other wealthy Nigerians to emulate his example by prioritizing local investment.