Prime Highlights-
- Dangote Industries plans to raise its Africa investment programme from $50 billion to about $70 billion under its Vision 2030.
- The group also plans to add 10,000 MW of electricity generation across Africa.
Key Facts-
- The group’s own power capacity of almost 1,500 MW could reach 4,500 to 5,000 MW by the end of Vision 2030.
- Aliko Dangote shared the plan during a visit to the Dangote Petroleum Refinery in Lekki, Lagos.
Background-
Dangote Industries Limited plans to grow its investment programme in Africa from $50 billion to about $70 billion. Aliko Dangote, President and Chief Executive of the group, shared the plan in Lagos on 12 November 2026. The new target forms part of the group’s Vision 2030.
Dangote spoke during a visit to the Dangote Petroleum Refinery and Petrochemicals and Fertiliser plant in Lekki. Creative industry stakeholders from Northern Nigeria joined the tour, including content creators, journalists, entertainers and Kannywood stars.
“We are now looking at increasing that to about $70 billion in Africa,” he said.
Power sits at the centre of the plan. The group wants to add 10,000 megawatts of electricity generation across Africa, and Nigeria may benefit from it. Dangote said reliable electricity helps businesses, especially small and medium-sized firms, run at a profit and grow.
The group already has almost 1,500 megawatts of power for its own operations. This capacity could reach 4,500 to 5,000 megawatts by the end of Vision 2030.
Dangote said more production, new jobs and steady power can unlock Nigeria’s full economic potential. He named agriculture and solid minerals, especially in Northern Nigeria, as sectors with strong promise. He also urged more local processing of raw materials instead of exporting them.
He added that businesses should lead on investment, while the government creates an enabling environment through good policies. The bigger plan signals strong confidence in Africa’s long-term growth.
