Peter Obi Urges Nigerian Businesses to Invest in Productive Sectors

By Aduragbemi Omiyale

The presidential candidate of the Nigeria Democratic Congress (NDC) in the 2027 general elections, Mr Peter Obi, has encouraged businesses to invest in productive sectors of the nation’s economy.

He said this while reacting to the initial public offering (IPO) of the Dangote Petroleum Refinery and Petrochemicals FZE, which commenced on Monday, September 14, 2026.

Dangote Refinery is selling about 4.1 billion equities at N525 per unit, targeting approximately N2.15 trillion, and providing retail and institutional investors an opportunity to acquire an ownership stake in one of Africa’s most significant industrial assets.

In his remarks, the former Governor of Anambra State advised Nigerians to buy the company’s shares, saying he’s proud of the Lagos-based private oil facility.

“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 Aliko Dangote’s investment in the real sector of our country’s economy, across different sectors. This validates my position that we should move Nigeria from consumption to production.

“I, therefore, encourage 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-industrialisation of the country by offering their shares to the public through public offerings,” Mr Obi wrote on his social media platform, including on X, formerly known as Twitter.