The Dangote Group has announced its Vision 2030 growth strategy, targeting an expansion of its petroleum refinery capacity to 1.4 million barrels per day and fertilizer production to 12 million metric tonnes annually.
Fatima Aliko-Dangote, Group Executive Director of Commercial Operations, disclosed this on Wednesday during the Dangote Group Special Day at the 2026 Lagos International Trade Fair, highlighting that the group’s transition from trading to manufacturing aims to boost local production and industrial self-reliance across Africa.
Aliko-Dangote noted that the expansion includes international projects such as a refinery in Lamu, Kenya, an industrial complex in Ethiopia, and a $140 million tank farm and regional pipeline project in Namibia to enhance energy security and regional trade.
Speaking at the event, Leye Kupoluyi, President of the Lagos Chamber of Commerce and Industry (LCCI), praised the conglomerate’s investments for reducing import dependence and strengthening Nigeria’s external trade position.
Kupoluyi, however, urged the government to address critical structural challenges, including unreliable electricity supply, transport logistics, and unpredictable fiscal policies, to lower the cost of doing business in Nigeria.
