Dangote Group Expects Revenue to Hit $100 Bln in 2030

Summary

Fatima Dangote, Dangote Group's executive director for commercial operations in oil and gas, discusses the company's ambitious revenue forecast of $100 billion by 2030. Growth will be primarily driven by the refinery, fertilizer, and cement businesses, with capacity expansions underway in Nigeria, Kenya, and Ethiopia.

• Dangote Group projects revenue of $100 billion by 2030, up from about $20 billion in 2025.
• Three main growth drivers: refinery (including petrochemicals), fertilizer, and cement.
• Plans include doubling refinery capacity in Nigeria and building a replicate in Kenya.
• Fertilizer capacity in Nigeria to triple to 9 million metric tons per annum, plus 3 million in Ethiopia.
• Smaller new ventures in power and African infrastructure are also being considered.
• The executive highlighted these businesses as the core contributors to the ambitious 2030 target.