Nigeria: What's the real motivation behind Dangote's IPO 'for the people?'

Nigerian billionaire Aliko Dangote has launched an initial public offering (IPO) for his oil refinery, marking Africa's largest share sale to date. The offering targets the general public with the aim of raising between $1.6 billion and $2.1 billion to finance a major $14.3 billion expansion project designed to double the refinery's operational capacity.

While the public share offering is marketed as a 'people's IPO' that could grant millions of ordinary Nigerians a financial stake in the massive industrial enterprise, analysts and commentators have raised questions regarding financial accessibility, specifically inquiring about who among the general public can genuinely afford to participate.