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    ALMOND 94.3 FM Ibadan

News

Dangote Commends Tinubu for Fuel Subsidy Removal, FX Reforms

today14/09/2026

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President of Dangote Industries Limited, Aliko Dangote, has commended President Bola Tinubu for removing the fuel subsidy and liberalising the foreign exchange market.

Dangote spoke on Monday in Lagos during the formal launch of the Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals on the Nigerian Exchange.

He thanked the President for what he described as bold economic decisions and pledged that the Dangote Group would continue to partner with the Federal Government to support Nigeria’s development.

The Dangote Refinery IPO offers 4.1 billion new ordinary shares at N525 per share, with a minimum subscription of 10 shares valued at N5,250.

The offer is scheduled to close on October 13, 2026.

Written by: Adeola Akinbade

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