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Dangote Highlights Plans to Rake in $70 Billion

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Dangote Highlights Plans to Rake in $70 Billion

The plan of Nigeria’s richest man, Aliko Dangote, to list the Dangote Oil-Refinery and the Dangote Fertilizer Plant on the stock market is hardly news, as this idea continues to be touted. However, recent reports indicate that timelines have been stamped to go ahead with the initiative, particularly with the oil-refinery.

Recently, Aliko Dangote announced plans to list his massive Nigerian oil refinery on the stock market by the end of 2026.

Additionally, during a visit by capital market stakeholders to the company’s facilities, Dangote announced plans to list Dangote Fertiliser Limited.

In response, key capital investors and the Nigerian Exchange Group have made clear their intent to support Dangote Fertilizer Limited’s intended listing on the Exchange.

The financial viability of this decision was elaborated on by the CEO of the group, who highlighted key revenue figures and how they key into plans for the listings.

He noted that the fertilizer facility, which now has plans for expansions, is expected to generate $20 million daily.

”With projected revenues of $20 million daily and a cumulative earning potential of $70 billion, this listing will offer investors dollar-denominated returns and long-term value,” he stated.

As reported by the Punch, Temi Popoola, the NGX Group’s Group Managing Director and CEO, indicated that the Exchange can raise funds for major initiatives.

“In 2024 alone, Nigerian investors deployed over N2tn into the banking sector. With Dangote Fertiliser’s listing, we’re poised to replicate this success, providing the infrastructure and liquidity to drive industrial growth,” he said.

Jude Chiemeka, the Chief Executive Officer of Nigerian Exchange Limited, added that the listing will serve to show the Exchange’s capacity to draw in large transactions.

“This listing will showcase NGX’s ability to attract transformative deals. Our market’s depth, transparency, and investor base ensure seamless execution,” Chiemeka said.

$2.5 billion plan for the Dangote Fertilizer Plant

As part of a larger plan to hasten the economic transformation of the continent, Nigerian billionaire Aliko Dangote has revealed plans to expand the $2.5 billion Dangote fertilizer plant.

The goal of the project, which would greatly increase production capacity, is to improve agricultural input self-sufficiency and lessen Africa’s excessive reliance on imported fertilizer.

Africa currently imports over 6 million metric tons of fertilizer annually, a costly dependence that hampers agricultural productivity and exposes farmers to global supply shocks.

According to Afreximbank’s trade analysis, Africa’s fertilizer exports in 2021 would be worth $8.9 billion, more than double the continent’s imports of $3.7 billion—a surplus fueled mostly by North African manufacturers.

Morocco and Egypt alone accounted for $6.23 billion in fertilizer exports, accounting for more than 70% of Africa’s total and demonstrating the region’s expanding importance in global supply chains.

Dangote’s facility, now one of the world’s largest, can generate up to 3 million metric tons of urea each year.

According to Dangote, around 37% of the company’s urea output is sent to the United States, making it an important market.

Source: businessinsiderafrica
Via: norvanreports
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