Business
ATOPCON Slams OSGOF Over Land Use Committee
ATOPCON criticises OSGOF’s Land Use and Allocation Committee, calling it unlawful and unprofessional, warning it could undermine town planning and spark legal disputes
The Association of Town Planning Consultants of Nigeria (ATOPCON) has criticised the Office of the Surveyor-General of the Federation (OSGOF) over its newly announced Land Use and Allocation Committee for Land Projects.
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ATOPCON President, Hakeem Olatunji Badejo, described the move as unprofessional, unethical, and a breach of Nigeria’s legal framework, noting that the committee’s composition four land surveyors and one quantity surveyor excludes estate surveyors and legal practitioners as required by the Land Use Act.
Badejo stressed that the authority to constitute such committees rests solely with state governors, not the Surveyor-General, and warned that the initiative could create confusion, conflicting approvals, and costly lawsuits.
He added that town planners, not surveyors, possess the expertise to develop lawful, technical, and visionary land-use plans, and that OSGOF’s actions violate professional and statutory boundaries.
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The association urged the federal office to respect Nigeria’s urban planning laws and the statutory roles of town planners to maintain professional order and legal compliance.
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Dangote Petroleum Refinery has set its initial public offering price at ₦525 per share, with the company seeking to raise about ₦2.15 trillion as it prepares to enter Nigeria’s public equities market.
The Securities and Exchange Commission has approved the offer for 4.1 billion ordinary shares at ₦525 each. If fully subscribed, the offer would generate approximately ₦2.15 trillion, equivalent to about $1.6 billion at current exchange rates.
The offering is expected to open on 14 September 2026, according to Aliko Dangote, the president of Dangote Industries. The planned sale is positioned to become one of the largest equity offerings in Africa.
The IPO marks a significant step in Dangote Group’s plans to broaden ownership of the refinery and raise additional capital for expansion.
The refinery currently has a stated processing capacity of 650,000 barrels of crude oil per day. Dangote has said the company plans to increase that capacity to 1.4 million barrels per day as part of its longer-term expansion strategy.
The planned share sale follows a $1 billion underwriting programme completed in August, providing additional financial backing ahead of the public offering.
The refinery, located in the Lekki area of Lagos State, is one of Africa’s largest industrial projects and has become an increasingly important player in Nigeria’s fuel supply market since beginning operations.
The public offering will give Nigerian investors an opportunity to acquire shares in the refinery directly, while providing Dangote Petroleum Refinery with fresh capital to support its next phase of growth.
The company has also indicated ambitions to expand beyond its current Nigerian operations, with Dangote recently announcing plans for another refinery project in Kenya.
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