Dangote Group plans to more than double the output capacity of its fertilizer plant as it looks to export to other African nations.
“There’s a plan to more than double the fertilizer production capacity and to also invest in other areas of fertilizer, so that all the fertilizer needs of Nigeria and other African countries can be met by the group,” Aliyu Suleiman, chief strategy officer at Dangote Industries Ltd., said Thursday at an event in Abuja, the capital.
Dangote Fertilizer a $2.5 billion plant is Africa’s largest granulated-urea fertilizer complex and currently has the capacity to produce 3 million tons a year of the crop nutrient.
The group also plans to expand it 650,000 barrel-per-day oil refinery, “as the economics dictate,” and will continue to invest in petrochemicals, Suleiman said.
Last month, Aliko Dangote, Africa’s richest person, announced plans to list the Nigerian crude oil refinery by the end of 2026 and the urea plant this year.
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