Dangote Refinery IPO: Northern Christian leader urges investment

Chairman of the Northern Christian Association, NCA, Rev. Joseph John Hayab, has urged Christians across the country to participate in the ongoing Initial Public Offering, IPO, of Dangote Petroleum Refinery, saying religious considerations should not influence investment decisions.

Hayab made the call on Saturday at a media parley in Kaduna, where he described the public offer as a business opportunity open to Nigerians irrespective of their religious affiliations.

According to him, Christians should see the offer as an opportunity to acquire shares in a Nigerian company and build wealth for themselves, their families and future generations.

“Business has no religion. What Dangote is selling is not Islam; Dangote is selling shares. Shares bring money,” he said.

The Christian leader said responsible religious leaders should encourage their members to develop a culture of investment rather than relying solely on salaries and other regular sources of income.

“If I have my way, just as they are advertising, every Christian should have 10 shares,” Hayab said.

He argued that widespread participation by Nigerians in the offer could increase domestic ownership of businesses operating in the country and contribute to economic growth.

Hayab also encouraged Christians to consider buying shares as part of long-term financial planning, including investments for the education and welfare of their children and grandchildren.

“Buy it for your son. Buy it for your grandchildren. Buy it for the future of their education,” he said.

He further linked investment culture to the financial capacity of churches, arguing that members who build sustainable wealth would be better positioned to support religious and community activities.

“The reason why our offering is poor in many of our churches is because we are not investing,” he said, adding that many church members depended largely on salaries.

The Dangote Petroleum Refinery public offer comprises 4.1 billion ordinary shares at ₦525 per share, with a minimum subscription of 10 shares valued at ₦5,250.

The offer opened on September 14 and is scheduled to close on October 13, 2026.

Hayab urged Nigerians to develop greater interest in owning stakes in businesses operating within the country, saying broader participation in investment would give citizens a stronger economic stake in the nation’s development.

“The economy of Nigeria will grow faster if all Nigerians have a stake in the investment that is in Nigeria,” he said.