Africa’s richest man, Aliko Dangote, has unveiled an ambitious plan to end the continent’s reliance on imported fertiliser within the next 40 months. The announcement was made during the Afreximbank Annual Meeting held in Abuja.
Dangote revealed that his $2.5 billion fertiliser plant, located near Lagos, is already producing three million tonnes of urea fertiliser annually. At present, about 37 percent of the plant’s output is exported to the United States and other international markets.
Speaking at the event, Dangote stated, “Our goal is to make Africa self-sufficient in fertiliser production, support our farmers, and boost food security across the continent.”
To achieve this, the industrialist disclosed plans to double the plant’s capacity, making it the largest fertiliser plant in the world, surpassing Qatar. He also revealed that the fertiliser business would be listed on the Nigerian Stock Exchange before the end of 2025, while his highly anticipated petroleum refinery would follow in 2026.
Industry analysts have welcomed Dangote’s bold vision but raised concerns over the state of Nigeria’s infrastructure, especially roads and seaports, which they say could pose challenges to the distribution of fertiliser products within the country and across Africa.
The federal government has pledged to support the project by improving transportation networks and addressing other logistical challenges to ensure its success.
If successfully executed, Dangote’s initiative is expected to significantly improve agricultural productivity in Africa and reduce the continent’s dependence on expensive fertiliser imports.
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Juliet Tn
51 days agoAbuja, Nigeria — June 27, 2025
Africa’s richest man, Aliko Dangote, has unveiled an ambitious plan to end the continent’s reliance on imported fertiliser within the next 40 months. The announcement was made during the Afreximbank Annual Meeting held in Abuja.
Dangote revealed that his $2.5 billion fertiliser plant, located near Lagos, is already producing three million tonnes of urea fertiliser annually. At present, about 37 percent of the plant’s output is exported to the United States and other international markets.
Speaking at the event, Dangote stated, “Our goal is to make Africa self-sufficient in fertiliser production, support our farmers, and boost food security across the continent.”
To achieve this, the industrialist disclosed plans to double the plant’s capacity, making it the largest fertiliser plant in the world, surpassing Qatar. He also revealed that the fertiliser business would be listed on the Nigerian Stock Exchange before the end of 2025, while his highly anticipated petroleum refinery would follow in 2026.
Industry analysts have welcomed Dangote’s bold vision but raised concerns over the state of Nigeria’s infrastructure, especially roads and seaports, which they say could pose challenges to the distribution of fertiliser products within the country and across Africa.
The federal government has pledged to support the project by improving transportation networks and addressing other logistical challenges to ensure its success.
If successfully executed, Dangote’s initiative is expected to significantly improve agricultural productivity in Africa and reduce the continent’s dependence on expensive fertiliser imports.