Dangote Urges Investment in Africa

The President and CEO of the Dangote Group, Aliko Dangote, has urged African entrepreneurs to prioritise investment within the continent.

Speaking at the Imo State Economic Summit 2025 on Thursday, Dangote said local investments are crucial for attracting foreign capital.

He emphasised that if African investors do not lead, outsiders will have little incentive to invest.

“I want to advise our entrepreneurs to invest at home. Foreign investors follow domestic investments, and we are leading by example,” he said, referencing his decision to expand the Dangote Refinery to 1.4 million barrels per day, making it the world’s largest.

Dangote (News Central TV)

Dangote also highlighted Africa’s vast mineral resources, noting that local leadership in investment is essential for economic growth.

He praised Imo State Governor Hope Uzodinma’s 375-megawatt power initiative, adding that reliable electricity underpins development.

He revealed plans for the Dangote Group to become the largest fertiliser producer in Nigeria by 2028, increasing urea production from 3 million to 12 million tonnes.

He also confirmed ongoing refinery expansion to refine 1.4 million barrels per day, surpassing the current global record of 1.25 million barrels.

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