Dangote sets 2028 IPO for fertiliser company, targets world’s biggest status

Dangote Industries Limited President and Chief Executive Officer, Aliko Dangote, has stated his fertiliser service will end up being the world’s biggest and is set up for a going public (IPO) in 2028.

Dangote revealed this throughout an interview at the Qatar Economic Forum, powered by Bloomberg, where he talked about the growth of his fertiliser company and the group’s strategies to increase its production capability throughout Africa.

He likewise revealed that Dangote Petroleum Refinery and Petrochemicals FZE prepares to note its shares on the New York Stock Exchange after finishing a growth that will double its crude-processing capability to 1.4 million barrels each day by the very first quarter of 2029.

What they are stating

Dangote stated the growth of his fertiliser service was driven partially by the disturbance to international fertiliser products following the Russia-Ukraine war and Africa’s reliance on imported fertiliser.

He remembered that, at the start of the Russia-Ukraine crisis, the African Union sent its then chairman, Senegalese President Macky Sall, to look for support since African nations were dealing with fertiliser lacks from their standard providers.

• When you discuss fertiliser, you bear in mind that 4 years earlier, at the start of the Russia-Ukraine crisis, the African Union sent its chairman, President Macky Sall, to consult with them due to the fact that we required fertiliser. We were lacking fertiliser since they were our providers,Dangote stated.

He stated Dangote is reacting by considerably increasing urea production while establishing extra sources of essential fertiliser inputs, consisting of potash and phosphate.

• We are now going from 3 million loads to 12 million lots of urea. We are opening up potash mines. We are opening up phosphate mines, and we are likewise doing 2.2 million lots of DAP,” he stated.

Dangote stated the growth would allow his organization to provide more than 40% of Africa’s fertiliser need while guaranteeing that the item is readily available throughout the year instead of just throughout planting seasons.

He likewise stated the African Development Bank has actually supplied a $6 billion credit limit that can be utilized for petroleum items or fertiliser.

Asked when the fertiliser organization would be noted on the stock market, Dangote stated the business would pursue an IPO in 2028 and end up being the world’s biggest fertiliser business.

• “Oh yes, I suggest, we will IPO it. It will be the greatest fertiliser business in the world. Yes, it will be 2028,” he stated.

Get up to speed

Dangote Fertilizer runs a 3 million-ton-per-year granulated urea and ammonia plant in Lagos, referred to as Africa’s biggest granulated urea center. The business has actually broadened its worldwide market reach, with a substantial share of its output exported to markets consisting of the United States.

• In March, Nairametrics reported that the business was taking advantage of increased worldwide need as geopolitical stress interrupted fertiliser products. Dangote has likewise formerly stated business intends to exceed Qatar as the world’s biggest urea exporter within 4 years.

The growth comes as fertiliser supply interruptions continue to highlight the significance of manufacturers with the capability to increase output and serve worldwide markets.

What you ought to understand

Dangote is likewise broadening its fertiliser production footprint beyond Nigeria.

• In August 2025, Dangote signed an arrangement with the Ethiopian federal government to develop a $2.5 billion fertiliser plant in Ethiopia’s eastern Somali area.
• Under the contract, Dangote will hold a 60% stake in the job, while state-owned Ethiopian Investment Holdings will own the staying 40%.

The plant is anticipated to take about 40 months to finish and will have a yearly production capability of 3 million lots of fertiliser. It will likewise be linked by pipeline to the Calub and Hilala gas fields in southeastern Ethiopia.

The prepared Ethiopian center types part of Dangote’s more comprehensive growth of fertiliser production throughout Africa as the group looks for to increase supply and lower the continent’s dependence on imported fertiliser.