Ahead of the presentation of Dangote Refinery’s Initial Public Offering (IPO) to stakeholders in Kano, Chairman of the Kano-Jigawa branch of the Manufacturers Association of Nigeria (MAN), Muhammad Umar, has described the company as a major catalyst for greater inclusiveness in the Nigerian economy.

The presentation is planned to provide participants with insight into the IPO and investment opportunities.

Commending the Dangote Group for supporting manufacturers and the industrial sector over the years, Umar told newsmen that the refinery’s emergence has created opportunities for businesses across different sectors and strengthened the prospects of a more productive domestic economy.

According to him, the refinery represents an important step in Nigeria’s drive to reduce dependence on imported petroleum products, conserve foreign exchange and create a more predictable operating environment for manufacturers and other businesses.

He said the refinery’s impact extends beyond the oil and gas industry, with its operations having significant implications for manufacturers, transporters, farmers, distributors, small and medium-sized enterprises and consumers, among others.

The MAN chairman further described the IPO as an opportunity to broaden Nigerians’ participation in one of the country’s most strategic industrial investments, as the listing on the capital market could enable institutional investors, businesses and individual Nigerians to benefit from the company’s values.