Alhaji (Dr.) Umaru Kwairanga

 The Group Chairman of Nigeri­an Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga, has praised the President/Chief Executive, Dangote Group, Aliko Dangote, for his substantial con­tributions to the Nigerian capital market and private sector devel­opment.

He noted this during a courtesy visit to the Dangote Petroleum Re­finery & Petrochemicals and Dan­gote Fertiliser Limited by capital market stakeholders.

Kwairanga, who called for the listing of Dangote Petroleum Re­finery and Dangote Fertiliser on the NGX, stated that it would rep­resent a natural progression in the Dangote Group’s journey towards transparency, market leadership, and inclusive wealth creation.

Noting that the Nigerian cap­ital market takes great pride in Dangote and his contributions to the economy, he commended the impact of the Dangote Petro­leum Refinery on the Nigerian economy, stressing that the var­ious initiatives introduced have provided much-needed relief to Nigerians.

Kwairanga recalled Dangote’s tenure as President of the Council of the Nigerian Stock Exchange, describing him as a visionary whose leadership shaped the capi­tal market landscape.

“Through the listing of compa­nies such as Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc, the Group has significantly deepened market liquidity, boosted investor confidence, and driven long-term value creation for shareholders,” he stated.

The chairman emphasised that the visit was more than a tour; it was a reaffirmation of the NGX’s commitment to aligning invest­ment capital with national devel­opment goals.

The President/Chief Executive of the Dangote Group, Aliko Dan­gote, reaffirmed that the Group will soon list the Dangote Fertiliser Limited on the Nigerian Exchange (NGX), with the aim of revolution­ising the capital market.

He assured shareholders that those investing in Dangote Fer­tiliser Limited would not need to worry about the value of the local currency, as the company oper­ates within a dollarised business framework.

“So, what are we aiming to do to bring about a major revolution in the capital market? The main challenge is that many investors are hesitant, thinking, ‘If I invest my naira now, by the time I receive dividends in ten years, the naira will have lost value.’ However, we are entering the market with a dollarised business model,” he explained.

Dangote further disclosed that the company is working on expanding its fertiliser plants to boost revenue, with a target div­idend payment to shareholders exceeding $3 billion.

“In the next 40 months, our fer­tiliser business should generate $20 million in revenue per day. We are pushing hard. We expect to reach over $70 billion in revenue and pos­sibly pay dividends of $3–4 billion. Our philosophy is to always think big,” he said.