By Abdullahi Lukman
The Dangote Group has announced a $2.5 billion investment in a new urea fertiliser plant in Gode, Ethiopia, as part of its “Vision 2030” strategy to enhance continental food security.
Executive Director of Commercial Operations, Fatima Aliko-Dangote, revealed the project on Thursday during the 15th Gateway Trade Fair in Abeokuta, noting that the facility will produce three million metric tonnes of urea annually to support agricultural productivity and regional exports.
The Ethiopian venture is part of a broader industrial expansion that includes significant upgrades to the group’s energy and construction assets.
The Dangote Petroleum Refinery is currently scaling its capacity from 650,000 to 1.4 million barrels per day, a three-year project aimed at strengthening regional energy security.
Additionally, the group is expanding its cement operations in Ogun State, adding a 6 million metric tonne integrated plant in Itori to complement its existing 12 million metric tonne facility in Ibese.
Speaking through Regional Sales Director Tunde Mabogunje, Aliko-Dangote emphasized that these investments are designed to reduce import dependence and foster “shared prosperity” across Africa.
The group’s strategy focuses on using policy consistency and private sector execution to drive industrialization and create jobs.
In Ogun State specifically, the conglomerate highlighted its role in anchoring local supply chains and boosting exports to the West African sub-region.
The Chairman of the Ogun Chamber of Commerce (OGUNCCIMA), Niyi Oshiyemi, praised the group’s continued support for the trade fair, stating that such public-private partnerships are essential for economic diversification.
The event serves as a platform to highlight how large-scale investments in technology and sustainability can equip Nigerian youth for modern industrial roles while meeting global safety and environmental standards.
