Aliko Dangote, Chief Executive Officer of Dangote Group, has announced plans to list the conglomerate’s fertiliser business through an initial public offering (IPO) in 2028.

Dangote disclosed this during an interview with Bloomberg Television, where he said the proposed listing would make the fertiliser business one of the largest publicly traded fertiliser companies globally.

“We will IPO it. It’s going to be the biggest fertilizer company on earth. Yes, it will be 2028,” he said.

The announcement comes as the group continues to expand its investments in strategic sectors, including energy and agriculture, with the aim of strengthening local production and reducing Africa’s reliance on imports.

Dangote also spoke about plans surrounding the proposed IPO of the Dangote refinery, describing the move as more than a capital-raising exercise.

According to him, the refinery’s listing is part of a broader strategy to widen ownership of strategic African assets and enable more investors across the continent to benefit from the company’s growth.

“For decades, Africa’s most strategic assets have been owned by a limited group of investors. Through this IPO, we are creating an opportunity for millions of Africans to become part-owners of a transformative business that is changing the energy landscape of the continent,” he said.

“It is about creating value, expanding prosperity, and building generational wealth for our people,” he added.

Dangote said the refinery was conceived as an African response to the continent’s longstanding energy challenges, particularly its dependence on imported petroleum products.

He said the facility forms a critical part of Dangote Group’s strategy to increase domestic production capacity, support economic self-sufficiency and strengthen Africa’s energy security.

The businessman said the group would continue to focus on building industries capable of creating jobs, generating foreign exchange earnings and contributing to sustainable economic development across the continent.

On investor confidence in the refinery, Dangote said the strong demand recorded during its private placement reflected both domestic and international interest in the project and its future prospects.

He said the group deliberately limited the amount raised through the private placement in order to encourage broader ownership and participation among African investors.

“Our objective has always been bigger than building a refinery. We want to create institutions that will outlive us, businesses that can compete globally, and opportunities that allow Africans to share in the wealth created on the continent,” he said.
“This IPO is another step towards achieving that vision.”

Dangote further said Africa possesses the resources, human capital and market potential needed to compete with leading economies globally.

He maintained that industrialisation remains a key pathway to economic prosperity, stressing the importance of developing industries that can process the continent’s resources locally, create employment and retain more economic value within Africa.