It will be the biggest fertiliser enterprise on Earth. His most recent line accordingly represents a transform from the timeline he gave at the forum.
- “Oh yes, I mean, we will IPO it. The firm is too developing potash and phosphate mines. Let it be owned by the individuals,” Dangote said.
The fertiliser organization is expanding its production capacity, using six production lines planned for delivery in the middle of overdue 2028 and initial 2029.
The expansion is targeted at increasing the business’s annual production capacity to 12 million measure tonnes.
The proposed listing would bring the fertiliser firm to the stock promote earlier than the 2028 timeline Dangote previously gave.
The proposed listing is element of Dangote’s wider plans to broaden the fertiliser enterprise as it increases production capacity and develops added sources of fertiliser supply.
Dangote’s 2028 IPO projection
The recent projection comes around a week subsequent to Dangote said at the Qatar Economic Forum that the fertiliser enterprise would pursue an initial society offering in 2028 as it expands to become the world’s largest fertiliser organization. Yes, it will be 2028,” he said.
Dangote said the organization is expanding from its present 3 million tonnes of urea production capacity to 12 million tonnes. Dangote said the firm is producing 2.2 million tonnes of diammonium phosphate (DAP).
The expansion is expected to assist Dangote’s ambition to create a much larger fertiliser organization during the time that increasing production across distinct fertiliser products.
Dangote fertiliser expansion plans
Dangote’s push to broaden the fertiliser organization has been partly driven by disruptions to international fertiliser supplies following the Russia-Ukraine war and Africa’s reliance on imported fertiliser.
- In March, Nairametrics reported that the organization was benefiting from increased universal prefer as geopolitical tensions disrupted fertiliser supplies.
- Dangote has previously said the fertiliser organization aims to surpass Qatar as the world’s largest urea exporter indoors four years.
- The organization’s expansion is moreover extending beyond Nigeria, including plans for a significant fertiliser plant in Ethiopia.
- In August 2025, Dangote signed an agreement alongside the Ethiopian government to develop a $2.5 billion fertiliser plant in the country’s eastern Somali region.
Dangote is expected to hold a 60% stake in the Ethiopian project, during the time that situation-owned Ethiopian Investment Holdings will own the remaining 40%.
The planned expansion in Nigeria and Ethiopia forms element of the category’s broader exertion to develop fertiliser production and improve its place in world markets.
Africa’s richest man, Aliko Dangote, has said he hopes to list Dangote Fertiliser Ltd on the stock swap sometime coming year, bringing the expected listing forward from an earlier 2028 projection.
Dangote disclosed this on Tuesday at an investors meeting at the Nairobi Securities Commerce, where he discussed the fixed’s expansion plans ahead of the planned groundbreaking of its 700,000-barrel-per-day oil refinery in Lamu, Kenya.
The revised timeline comes as the fertiliser enterprise expands its production capacity and seeks to strengthen its presence in international fertiliser markets.
Dangote fertiliser IPO moves forward
Dangote said he wants the fertiliser organization to be owned by the society, linked to the Dangote Petroleum Refinery’s IPO in Lagos earlier this month, which was described as an “IPO of the humans.” He said the listing could take place sometime subsequent year.
- “Sometime upcoming year we hope to list it.
Source: Dangote moves fertiliser IPO forward as capacity target hits 12 million tonnes
