Dangote Confirms 2028 IPO for Fertiliser Business
Aliko Dangote announced the Dangote Fertiliser business will go public in 2028.
In Brief
- •Aliko Dangote announced the Dangote Fertiliser business will go public in 2028.
- •The company currently operates a $2.5 billion plant in Ibeju‑Lekki, Lagos, producing ~3 million tonnes of urea annually.
- •By 2028, Dangote plans to expand capacity to ~12 million tonnes per year, adding a new plant in Ethiopia.
- •The IPO aims to attract new investors, following the successful public offering of Dangote Petroleum Refinery.
Why It Matters
The announcement signals Dangote Group’s intent to broaden ownership and raise capital for its fertilizer operations, potentially reshaping the African fertilizer market. Expanding capacity to 12 million tonnes per year could enhance supply for Southern Africa and reduce reliance on imports, while the IPO may provide retail investors with new opportunities to participate in a major African industrial enterprise.
Key Details
- IPO Year
- 2028
- Current Production Capacity
- 3 million tonnes of urea per year
- Target Production Capacity by 2028
- 12 million tonnes per year
- Current Plant Value
- $2.5 billion
- Location of Current Plant
- Ibeju‑Lekki, Lagos, Nigeria
- New Plant Location
- Ethiopia
Context & Background
Dangote Group has recently opened its petroleum refinery to public investors, setting a precedent for further public listings of its core businesses.
Original Reporting & Sources
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