As of February 18, 2026, the Dangote Group has signaled a massive escalation in its industrial capacity through a strategic $400 million equipment deal with China’s Xuzhou Construction Machinery Group (XCMG). This partnership is the primary engine for the conglomerate’s Vision 2030, which aims to transform the Group into a $100 billion global enterprise.
1. The “1.4 Million” Ambition: Reimagining the Refinery
The cornerstone of this expansion is the Dangote Petroleum Refinery & Petrochemicals.
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Capacity Surge: The refinery is being scaled from its current 650,000 barrels per day (bpd) to a staggering 1.4 million bpd.
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Global Ranking: Upon completion (targeted within 3 years), this will make it the largest single-train refinery in the world, surpassing India’s Jamnagar Refinery.
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Construction Strategy: Using a “roofless replication” model, the expansion duplicates existing infrastructure to speed up the process without redesigning core components.
2. Global Leadership in Fertilizers & Chemicals
The $400 million investment also fuels a massive uptick in downstream and agricultural chemicals:
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Urea Production (Fertilizer): Nigeria’s urea capacity will triple from 3 million to 9 million metric tonnes per annum. Combined with its plant in Ethiopia, the Group will become the world’s largest urea producer by 2028.
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Polypropylene: Capacity will soar from 900,000 to 2.4 million metric tonnes per year.
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Linear Alkyl Benzene (LAB): Production will hit 400,000 tonnes annually, making Dangote the leading supplier for detergent manufacturers across Africa.
3. The “Vision 2030” Strategy
The deal reflects a broader shift toward vertical integration and self-sufficiency.
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The $100 Billion Target: Aliko Dangote has set a 5-year goal to triple the Group’s valuation through industrial expansion and cross-border investments.
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Africa First: The expansion aims to end Nigeria’s reliance on imported refined fuels and chemicals, essentially “exporting jobs instead of poverty.”
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Public Listing: To address monopoly concerns and invite public participation, the Group plans to list the refinery on the Nigerian Stock Exchange (NGX) and London Stock Exchange (LSE) by late 2026.
Strategic Impact: Nigeria’s Macroeconomic Shift
“The road to $100 billion is paved with steel and strategy. This investment positions us to not only feed and power Africa but to become a top-tier global player in construction and manufacturing.” — Statement from Dangote Group, February 2026.
