Dangote Group's $100 Billion Vision 2030 Expansion

Dangote Group unveiled its 'Vision 2030: Supercharging Dangote Group for Long Term Success' strategy to the African Export-Import Bank Board of Directors on March 31, 2026. The strategy outlines a two-phase expansion program from 2025-2030, aiming to grow turnover to $100 billion by 2030. Key initiatives include increasing Dangote Group===Dangote Petroleum Refinery capacity from 650,000 bpd to 1.4 million bpd and quadrupling fertilizer production to 12 million tonnes per annum, positioning Dangote Group as the world's largest urea fertilizer producer. The expansion also covers cement, rice, food production, and new investments in infrastructure, gas, mining, data centers, and power. Dangote Group estimates needing $40 billion in new investments. African Export-Import Bank has committed significant support, including underwriting a $2.5 billion facility as part of a $4 billion syndicated term loan for Dangote Group===Dangote Petroleum Refinery and Petrochemicals FZE, with Access Bank Group as a co-mandated lead arranger. Aliko Dangote and George Elombi emphasized the strategic partnership's role in driving African industrial growth and self-sufficiency.