The Dangote Refinery, having secured SEC approval for its landmark Initial Public Offering (IPO) targeting N2.15 trillion, stands as Africa’s largest public offering. The refinery’s operational survival and path to market were forged through years of complex strategic partnerships, ranging from land concessions in the Lekki Free Trade Zone to crucial government interventions. President Bola Tinubu’s administration played a pivotal role by implementing the Naira-for-Crude policy, enforcing total deregulation, and restructuring the NNPC board. These policy shifts dismantled long-standing import monopolies and currency barriers, creating a sustainable environment for the refinery to transition into a publicly traded asset.