Dangote unveils Vision 2030 strategy to accelerate Africa’s industrial growth and economic self-reliance

Dangote Industries Limited (DIL) has unveiled an ambitious Vision 2030 strategy designed to accelerate Africa’s industrialisation, deepen economic self-sufficiency and empower the continent’s next generation.

Speaking on the Group’s long-term outlook, President of the Group, Aliko Dangote, reaffirmed that the company’s strategic focus remains on strengthening Africa’s ability to feed itself, power its economy and develop its people in a sustainable manner.

Outlining the expansion roadmap, Mr Dangote disclosed that Dangote Cement is targeting an increase in production capacity to around 90 million tonnes by 2030. He said the planned scale-up would place the company among the most competitive cement producers globally.

“Our ambition goes far beyond building factories,” Dangote said. “We are building the structures that will enable Africa to feed itself, power its industries, and equip its people for long-term prosperity.”

Under the Vision 2030 framework, Dangote explained that the Group aims to transform DIL into a $100 billion enterprise by 2030. This, he noted, would be achieved through sustained industrial expansion, increased cross-border investments and a stronger drive for African independence in strategic sectors including energy, manufacturing and infrastructure.

“Under this vision, we have announced the expansion of our petroleum refinery from 650,000 barrels per day to 1.4 million barrels per day, and our fertiliser plant to 12 million metric tonnes per annum,” he said. “Our cement business is also on track to reach 90 million tonnes by 2030 — which means producing 50 percent more than the entire cement output of Saudi Arabia.”

He added that Vision 2030 is central to the Group’s “Africa First” philosophy, rooted in the belief that the continent’s future must be shaped by its own people.

“This vision is borne out of my firm belief that Africa’s future will be built by Africans who refuse to accept limits — people who dream big, work hard, and never stop believing in what is possible,” Dangote said.

Reinforcing the Group’s long-term commitment to human capital development, Dangote also referenced the announcement of a ₦1 trillion ($600 million) education fund in December 2025, aimed at supporting young Africans.

“Empowering the next generation is essential for building the Africa we envision. This fund is a major investment in the future of young Africans who will drive the continent’s transformation in the years to come,” he added.