Dangote Signs $400 Million Equipment Deal to Fast-Track Refinery Expansion

Dangote Industries Limited, DIL, has unveiled an ambitious Vision 2030 strategy aimed at accelerating Africa’s industrialisation, boosting economic self-sufficiency and empowering the continent’s next generation.

President of the Group, Aliko Dangote, said the long-term strategy is focused on building Africa’s capacity to feed itself, power its economy and develop its people in a sustainable manner.

Outlining the Group’s expansion roadmap, Dangote disclosed that Dangote Cement is targeting an increase in production capacity to about 90 million tonnes by 2030, a move he said would position the company among the world’s most competitive cement producers.

“Our ambition goes far beyond building factories,” Dangote said. “We are building the structures that will enable Africa to feed itself, power its industries, and equip its people for long-term prosperity.”

He explained that under the Vision 2030 framework, the Group plans to transform Dangote Industries Limited into a 100-billion-dollar enterprise through sustained industrial expansion, cross-border investments and strengthened independence in key sectors such as energy, manufacturing and infrastructure.

Dangote further revealed plans to expand the Group’s petroleum refinery from 650,000 barrels per day to 1.4 million barrels per day, while the fertiliser plant is expected to scale up to 12 million metric tonnes per annum. He added that the cement business is on track to reach 90 million tonnes by 2030, representing about 50 percent more than the total cement output of Saudi Arabia.

According to him, Vision 2030 aligns with the Group’s “Africa First” mission, driven by the belief that Africa’s future must be built by Africans who are willing to challenge limits and pursue bold ambitions.

As part of efforts to develop African talent, Dangote announced the establishment of a ₦1 trillion education fund in December 2025, describing it as a major investment in young Africans who will drive the continent’s transformation.

“Empowering the next generation is essential for building the Africa we envision,” he said, adding that the initiative underscores the Group’s long-term commitment to human capital development across the continent.

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