Nigerians may soon get the chance to invest in Africa’s largest oil refinery, as business tycoon Aliko Dangote has revealed plans to list the $20 billion facility on the stock market.

Speaking at a major energy conference in Abuja, Dangote said the refinery—located in Lekki, Lagos—will be open for Nigerians to buy shares and become part-owners.

“Very soon, the refinery will be listed to give all Nigerians the opportunity to become shareholders,” he said.

He stressed the importance of refining petroleum products within Africa instead of relying on imports, calling it a bold step towards energy independence on the continent.

The Dangote Group is also making big moves in the clean energy space, producing 2,500 tonnes of liquefied petroleum gas (LPG) daily to encourage safer cooking methods in Nigerian homes.

Addressing claims of monopoly, Dangote defended his company’s investments, saying that while some wealthy Nigerians invest abroad, his focus remains on building Nigeria’s economy.

“We’ve chosen to bet on Nigeria, and we will keep doing so,” he said. “Others are welcome to build their own refineries if they’re serious.”

He also warned against Africa becoming a dumping ground for low-quality products, saying the continent must protect its local industries to grow stronger.

The move to list the refinery is expected to allow ordinary citizens to take part in one of the country’s most significant industrial projects and benefit from its success.