Dangote Plans 2028 IPO for Fertiliser Business Expansion

Aliko Dangote confirmed during an interview at the Qatar Economic Forum that Dangote Fertiliser will go public in 2028, allowing both Nigerian and international investors to acquire shares. This announcement follows the recent share offer for Dangote Petroleum Refinery, which has generated significant interest among retail investors.

Dangote noted that his businesses have traditionally been developed without outside partners, but he is now seeking broader public ownership. The Dangote Fertiliser plant in Ibeju-Lekki, Lagos, currently has a production capacity of about three million tonnes of urea annually, with plans to expand this capacity to approximately 12 million tonnes by 2028, including a proposed fertiliser plant in Ethiopia.

The 2028 IPO is expected to provide another opportunity for investors to participate in one of Dangote's flagship businesses, further enhancing public engagement in his industrial empire.