Tag: Dangote

Dangote Industries Limited (DIL) has announced an ambitious Vision 2030 strategy aimed at fast‑tracking Africa’s industrialisation, strengthening economic self‑sufficiency and empowering the continent’s next generation.

President of the Group, Aliko Dangote, reaffirmed that the company’s long‑term direction is focused on building Africa’s capacity to feed itself, power its economy and develop its people sustainably.

Revealing the Group’s expansion roadmap, Aliko stated that Dangote Cement is targeting an increase in its production capacity to approximately 90 million tonnes by 2030. He noted that this scale-up would position the company as one of the world’s most competitive cement producers.

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

Highlighting plans under the Vision 2030 framework, Dangote explained that the goal is to transform DIL into a $100 billion enterprise by 2030 through sustained industrial expansion, cross‑border investments and strengthening Africa’s independence in strategic sectors such as energy, manufacturing and infrastructure.

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“Under this vision, we have announced the expansion of our petroleum refinery from 650,000 barrels per day to 1.4 million barrels per day, and our fertiliser plant to 12 million metric tonnes per annum. Our cement business is also on track to reach 90 million tonnes by 2030 — which means producing 50 percent more than the entire cement output of Saudi Arabia,” he said.

According to him, Vision 2030 forms a core part of the Group’s “Africa First” mission. “This vision is borne out of my firm belief that Africa’s future will be built by Africans who refuse to accept limits — people who dream big, work hard, and never stop believing in what is possible.”

As part of its long-term commitment to developing African talent, Dangote said he has put in place a N1 trillion ($600 million) education fund in December 2025.

 “Empowering the next generation is essential for building the Africa we envision. This fund is a major investment in the future of young Africans who will drive the continent’s transformation in the years to come,” he added.

Some of the independent marketers partnering with Dangote Refinery may vend the pump prices of the Premium Motor Spirit (PMS) below N739 per litre very soon, The Nation learnt yesterday.

It was also learnt that the refinery commenced the virtual training of the affiliate retail outlets staff on Tuesday.

Soon after the training, the refinery will commence the free direct delivery of products to the filling stations that are affiliated to it.

Some of the partnering companies are MRS, Ardova Petroleum (AP), Garima, Heyden, and Optimal.

The Nation reported in December that the partners aside from MRS were yet to sell petrol at the refinery’s rate because they were yet to receive the product from the direct delivery.

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Speaking with The Nation on phone on Tuesday, the Independent Petroleum Marketers Association of Nigeria (IPMAN), National President, Alhaji Abubakar Maigandi revealed that owing to the profit margin between the N699 per litre gantry rate and the N739/l, it is possible for some of the independent partners of the refinery to sell the product below N739/ litre.

His words: “Some of the independent marketers that will take the free delivery from Dangote may sell it lower than N739/l.

“ If you check the gantry rate of N699/l, there is over N25/l profit that makes the adjustment easy in a competitive market.”

The Nation observed that the petrol market in the Federal Capital Territory (FCT) hovered around N739 to N930 per litre.

While MRS vended the product at N739/l with relative queues, A.A. Rano sold it at N840/litre as Total maintained N920/litre and other independent marketers sold it for N930/ litre and so on.

The product was accessible hitch-free from the other retail outlets in accordance with the market fundamentals.

Shareholders have said the commitment of President of Dangote Group, Alhaji Aliko Dangote to investing in the Nigeria has have transformational impact on the Nigerian economy with visible positive multipliers on the lives of average Nigerians.

In a review at the weekend, shareholders said Dangote’s business trajectory from the outset to the current state as one of the continent’s biggest manufacturers and largest petroleum refiner has been a journey of patriotism, dedication and love for one’s fatherland and the people.

They noted that Dangote had transformed from importation and trading business into a huge domestic conglomerate and manufacturer with businesses in key sectors of cement, petroleum and households items among others.

They pointed out that rather than stashing away his money in foreign assets as many are won’t to do, Dangote, Africa’s richest man, has marked himself out as the largest indigenous investor in the Nigerian economy.

They underlined the profound impact of the Dangote Petroleum Refinery on Nigeria’s economic stability and citizens’ welfare as the country for the first time in recent history celebrated the year-end festivities without fuel scarcity and exorbitant rates.

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President, Association for the Advancement of Rights of Nigerian Shareholders (AARNS), Dr Faruk Umar, who spoke on behalf of the shareholders cited the sustained trend in disinflation partly due to reduction in transport and energy costs as evidence of Dangote’s direct impact on the wellbeing of the economy and Nigerians generally.

Citing the sharp reduction in retail price of petrol, Umar said the $20 billion Dangote Refinery has not only placed Nigeria on the global map as world’s largest single-train refinery, but has tremendously improved Nigerian economic space.

According to him, the recent partnership between Dangote Group and Honeywell International Inc to expand the daily processing capacity of the Dangote Petroleum Refinery to 1.4 million barrels per day (mbpd) was another evidence of Dangote’s continuing commitment to Nigeria despite the challenges.

He outlined that such expansions in polypropylene capacity to 2.4 million metric tons annually and urea production capacity from three million metric tons to nine million metric tons annually would have overwhelming positive impact on the country’s manufacturing and agriculture sectors.

“What we are seeing is a man who has consistently demonstrated his love and trust in his country. Whether at the capital market where he has some of the largest companies or the labour market where he stands out as major employer of labour or in the nationwide spread of manufacturing plants, one thing is consistent about Dangote- the welfare of Nigerians and Nigeria is at the topmost of his mind,” Umar said.

He urged Dangote to quicken the process of listing of the refinery at the Nigerian Exchange (NGX) to extend his tradition of opening up wealth to ordinary Nigerians.

He said providing Nigerians opportunity to be co-owners by buying shares of the refinery would be another way to empower the people, citing the significant capital gains and dividends that have consistently been delivered by Dangote’s listed companies.

The Dangote Group currently has three listed companies on the NGX including Dangote Cement Plc, Dangote Sugar Refinery Plc and NASCON Allied Industries Plc. Dangote Cement, valued at over N8 trillion, has paid more than N3.3 trillion as cash dividends to shareholders over the past 15 years.

Faruk pointed at the recent launch of the N1 trillion Dangote Education Trust by the Aliko Dangote Foundation (ADF) as a further demonstration of the large heartedness of the Africa’s richest man.

He said: “Dangote has shown in the running of his companies and activities of ADF that wealth should be for the purpose of the wellbeing of the people. The N1 trillion Education Trust is a massive boost to the future of the country as education is the main enabler for socio-economic development.

“You know that ADF, since incorporation in 1994, has been making steady financial supports to healthcare, food, empowerment, sustainability and humanitarian activities. Now, you have 1.3 million students as potential beneficiaries of the N1 trillion fund over the next 10 years. There’s nothing like that before in Nigeria, that’s a record in philanthropy,” Umar said.

He urged Dangote to continue investing in Nigeria by exploring other opportunities in steel, healthcare, infrastructure, agriculture and other wide-impact sectors.

Umar called on other wealthy Nigerians to emulate Dangote and use Nigeria as cornerstone of their investments and businesses.