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Aliko Dangote's Expansion into Oil and Fertilizers: Building a N100 Billion Empire
Photo: Businessday NG
2026-07-24 20:19   Business   10

Aliko Dangote's Expansion into Oil and Fertilizers: Building a N100 Billion Empire

Aliko Dangote, Africa's richest man, is scaling his business empire through a massive refinery and fertilizer projects.His plan aims to boost revenues from N20 billion to over N80 billion in three years, targeting a N100 billion valuation by 2030.The refinery, built to reduce Nigeria's fuel import reliance, will process hundreds of thousands of barrels daily.Meanwhile, his fertilizer division seeks to become a global urea leader, supporting African agriculture and exports.Despite challenges like volatile oil prices and logistics hurdles, Dangote's track record in cement and sugar gives him momentum.By linking energy security with farming, he positions his conglomerate as a key player in global supply chains.This move aligns with rising demand for fuels and fertilizers amid market disruptions, solidifying his status as an industrial titan.

Full reading at Businessday NG

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