What is Dangote Group's current revenue, and what are its projected revenues for 2027 and 2030?

Dangote Group’s current revenue is about $20 billion, according to Fatima Dangote, group executive director for oil and gas. The company forecasts revenue will jump to $80 billion in three years (by 2027) and reach $100 billion by 2030.

What major infrastructure projects are central to Dangote’s $100 billion expansion plan, and how are they being financed?

Central to the expansion are the Lagos refinery (currently at 700,000 barrels per day, with capacity to be doubled by 2028), a planned $17 billion replica refinery in Lamu, Kenya, fertilizer plant expansions in Lagos and Ethiopia (to total 12 million tons annually), and a $1 billion investment to raise cement capacity to 80 million tons per year by 2030. The $40 billion required will be financed through Africa’s biggest IPO of the refinery business, a stake sale in the fertilizer unit, and a London secondary listing of Dangote Cement Plc.

Dangote Targets $100 Billion Empire With Oil and Fertilizers

Jul 24, 2026

Dangote Group targets $100 billion revenue by 2030 through major expansions in oil refining, fertilizer production, and cement manufacturing, backed by $40 billion in planned investments and potential public listings.

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