Afrobeats star Davido has asked billionaire businessman Aliko Dangote why it is important for Nigerians to buy shares in the Dangote Petroleum Refinery, raising the question directly to the businessman during a public interaction between the two.
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Davido posed the question during a recent meeting with Dangote in New York, where the pair were seen together as the refinery’s Initial Public Offering was being promoted on a Nasdaq digital billboard in Times Square, placing the exchange within the broader push to draw public attention to the share sale on the international stage.
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Responding, Dangote said wider ownership of the refinery would help spread prosperity and wealth across Africa.
“Well, it’s very important because that is the only way to spread prosperity and worth throughout Africa. And like I said, this is not going to be the first and the last. We will continue with even our fertilizer. By the time we finish listing, every single one will own part of our businesses and we will create a pool of cash…”
Davido then thanked the businessman, saying, “Thank you, sir.”
The context of the exchange
The interaction took place against the backdrop of the Dangote Refinery’s ongoing “People’s IPO,” an effort aimed at widening Nigerian ownership of the 700,000-barrel-per-day facility through public share sales. Davido’s question, posed informally rather than in a scripted interview setting, reflects the kind of curiosity the IPO campaign appears to be generating even among high-profile Nigerians outside the business and political sphere.
Why the moment carries weight
The appearance of the IPO promotion on a Nasdaq billboard in Times Square signals an attempt to give the offering international visibility, beyond its primary Nigerian audience, and Davido’s presence alongside Dangote at the moment adds a layer of celebrity attention to that visibility. Their interaction is likely to be picked up and shared widely given both men’s public profiles, potentially extending the reach of the IPO messaging to audiences who might not otherwise engage with financial news.
What is actually known so far
At this stage, the available account describes only the exchange itself — Davido’s question and the setting in which it occurred — without detailing what response, if any, Dangote gave. The full context of Dangote’s answer, and any further remarks made during the interaction, would need to be confirmed from a fuller account of the exchange before being treated as settled. As the IPO promotion continues, further public appearances and commentary from prominent Nigerians are likely to keep surfacing.
Source: GistReel.
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