Rev. Joseph John Hayab, Chairman of the Northern Christian Association, has urged Christians to invest in the ongoing Dangote Petroleum Refinery Initial Public Offering. He emphasized that religious considerations should not discourage Christians from investing, viewing the public offer as a business and investment opportunity rather than through a religious lens. Hayab made these remarks at a media parley in Kaduna on Saturday.
Hayab responded to concerns that some northern Christians were hesitant to participate in the offer due to the promoter's religious identity and uncertainty surrounding investment opportunities. He argued that responsible Christian leaders should encourage their members to invest, as ownership of shares could provide a means of building wealth for families and future generations. Hayab suggested that every Christian should have 10 shares, citing collective participation as a means to increase ownership.
The Dangote Petroleum Refinery public offer comprises 4.1 billion ordinary shares at ₦525 per share, with a minimum subscription of 10 shares valued at ₦5,250. The offer opened on September 14 and is scheduled to close on October 13, 2026. Hayab gave an example of how collective participation could increase ownership, stating that if one million Christians bought 10,000 shares each, they would collectively own one billion shares.
Hayab emphasized that investment should not be viewed solely as a means of making immediate returns but also as a way to secure the future of children and families. He encouraged Christians to develop a stronger culture of investment, arguing that excessive dependence on salaries limits the ability of individuals and institutions to build sustainable wealth. According to Hayab, greater investment by church members could also strengthen the financial capacity of churches.
The Christian leader noted that many church members rely mainly on salaries, which is why their offerings are often poor in many churches. He urged Nigerians to seek a stake in businesses operating in the country, arguing that broader domestic ownership would contribute to economic development. Hayab believes that the economy of Nigeria will grow faster if all Nigerians have a stake in the investments within the country.
Hayab's call to action is aimed at encouraging Christians to take a more active role in investing and building sustainable wealth. He stressed that business has no religion and that Dangote is selling shares, not Islam. By investing in the Dangote Petroleum Refinery IPO, Christians can potentially secure their financial future and contribute to the growth of the Nigerian economy.
The Dangote Petroleum Refinery IPO presents an opportunity for Christians to invest in a major business venture in Nigeria. With the offer set to close on October 13, 2026, interested investors can still participate by purchasing shares. The Northern Christian Association's endorsement of the IPO is expected to encourage more Christians to take advantage of this investment opportunity.
Key points
- Christians urged to invest in Dangote Petroleum Refinery IPO
- Religious considerations should not discourage Christians from investing
- Collective participation can increase ownership and build sustainable wealth
