Nigeria: IPO 'For The People' Is Out of Reach for Many in Nigeria

Aliko Dangote is seeking to raise $1.6 billion to finance the expansion of his oil refinery, which costs a total of $14.3 billion. This initial public offering aims to double the refinery's production capacity from 700,000 to 1.4 million barrels per day. Despite the refinery's success, which has made Nigeria a net exporter of fuel, access to this investment remains limited for many Nigerians.