Aliko Dangote invests 40 billion USD to transform energy and agriculture in Africa

Aliko Dangote's conglomerate plans to invest 40 billion dollars over five years to boost its activities in energy, fertilizers, and agro-industry. The plan aims to quadruple urea production to 12 million tons per year by 2030 and to double the capacity of its Lagos oil refinery to 1.4 million barrels per day. The project is supported by Afreximbank, which has guaranteed 2.5 billion dollars for the refinery, reflecting confidence in its strategic potential.