Don’t Call Me Africa’s Richest Man Again” – Dangote

President of Dangote Industries Limited, Aliko Dangote, has said he no longer wants to be described as the richest man in Africa, saying he would rather be recognised for creating wealth and opportunities for others.

According to Ireporter Online, Dangote made the statement on Monday while sounding the gong at the Nigerian Exchange (NGX) in Lagos to formally launch the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals.

The billionaire businessman said his preference was to be recognised for creating wealth rather than simply accumulating it.

“I don’t want anybody again to call me the richest man in Africa. I want to be called the wealthiest man in Africa so that I can create wealth for others,” Dangote said.

He described the IPO as an opportunity for investors to participate in what he called a transformational period for Nigeria and the wider African economy.

“Today, we are not merely offering shares. We are offering an opportunity to participate in the transformational chapter of not only Nigeria’s economy, but Africa’s economy,” he said.

Dangote also called on Nigerians to deepen participation in the capital market and promote broader ownership of wealth.

“Together, let us deepen our capital market. Together, let us create prosperity through ownership. Together, let us build a stronger Nigeria. Together, let us ensure prosperity for Africa,” he stated.

The businessman also reflected on the personal sacrifices involved in building his business empire, particularly the amount of time he spent away from his family.

Dangote acknowledged his three daughters, Mariya, Halima and Fatima, for their understanding and support over the years, noting that his business responsibilities had cost him significant family time.

The IPO opened on Monday, September 14, 2026, with 4.1 billion new ordinary shares of Dangote Petroleum Refinery and Petrochemicals being offered at ₦525 per share.

The minimum subscription is 10 shares, valued at ₦5,250, while the offer is scheduled to close on October 13, 2026, subject to the terms contained in the prospectus.