Africa’s richest man, Aliko Dangote, says his company is targeting as many as 10 million shareholders through the ongoing Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals.

Dangote disclosed this in a video interview shared on Monday by CNN International correspondent Larry Madowo on X.

Madowo told the billionaire that Nigerians on social media had been inspecting his trucks and visiting his cement factories, describing themselves as investors and seeking regular updates.

He then asked Dangote, “So how are the people doing?”

Responding, Dangote said, “I think this IPO is not only for Nigerians. We’ve got a lot of interest from all over Africa, and we’re selling shares. We’re trying to bring in democracy to our stock markets.”

He added that the company hopes to spread ownership so widely that its annual general meeting could eventually be held in a stadium.

“We’re looking at having 10 million shareholders,” he said.