Nigerian billionaire and business mogul Aliko Dangote has revealed plans to take his group’s fertiliser business to the stock market next year, potentially giving investors an opportunity to acquire shares in one of the country’s major agricultural input producers.
Dangote disclosed the plan on Tuesday, September 29, 2026, during an investors’ meeting at the Nairobi Securities Exchange in Kenya.
The businessman said Dangote Fertiliser Ltd could be listed sometime in 2027, although he did not provide a specific date or details about the proposed size or structure of the offering.
According to Dangote, the planned listing is intended to broaden ownership of the business by allowing members of the public and investors to participate in the company’s future.
Dangote Fertiliser expansion plans
The proposed stock market listing comes as Dangote Fertiliser prepares for a major expansion of its production capacity.
Dangote said the company intends to establish six production lines, with the projects expected to be delivered between late 2028 and early 2029.
Once the planned expansion is completed, the fertiliser business is targeting annual production capacity of about 12 million metric tonnes.
The expansion would significantly increase the group’s presence in the global fertiliser market and strengthen its role in supplying agricultural inputs.
The fertiliser business forms part of Dangote Group’s wider investments across key sectors of the African economy, including manufacturing, energy, infrastructure and agriculture.
Listing could broaden public ownership
A potential listing of Dangote Fertiliser would mark another step in the group’s efforts to involve the wider investment community in its businesses.
Dangote said the intention is for the fertiliser company to become partly owned by the public through the capital market.
The move would also provide investors with another potential avenue to gain exposure to Dangote Group’s growing industrial operations.
The announcement comes shortly after the group began preparations around the initial public offering of its massive oil refinery in Nigeria, highlighting the conglomerate’s increasing engagement with capital markets.
Dangote speaks during Kenya visit
Dangote made the announcement while in Kenya ahead of the groundbreaking ceremony for a proposed oil refinery in Lamu.
The planned refinery is expected to have a processing capacity of 700,000 barrels of crude oil per day, making it one of the group’s most ambitious projects outside Nigeria.
The businessman has previously said the Lamu refinery could require an investment of between $15 billion and $16 billion, with completion targeted for 2030.
Dangote Group also confirmed that it had launched a new shipping unit as part of its expanding operations.
Growing focus on industrial investments
The proposed fertiliser expansion and possible stock market listing form part of Dangote’s broader strategy of investing heavily in large-scale industrial projects.
His group operates across several sectors, while the Dangote refinery near Lagos has become a major component of Nigeria’s energy infrastructure.
The Nigerian refinery has helped increase domestic petroleum processing and has also positioned the country to export refined petroleum products.
The proposed fertiliser expansion could similarly have implications for agricultural production, particularly as African countries seek to improve access to locally produced fertilisers and reduce dependence on imports.
For investors, the proposed 2027 listing will be closely watched as more details emerge regarding the valuation, share structure and timing of the offering.
For now, Dangote has only indicated that he hopes the fertiliser company will be listed sometime next year, while the group’s planned production expansion is expected to continue through the end of the decade.
