AFC Backs Dangote’s $7 Billion Fertiliser Expansion Plan

Dangote’s expansion plan will raise urea fertiliser production in Nigeria from 3 million metric tonnes per year to 9 million metric tonnes.

Africa Finance Corporation has committed US$600 million to support Dangote Group's major fertiliser expansion programme, a move expected to strengthen food security, boost industrial production and reduce Africa's dependence on imported agricultural inputs.

The financing will go to Greenview Fertiliser Corp., Dangote's fertiliser holding company, as part of a wider US$7 billion programme designed to triple production capacity in Nigeria and build a new manufacturing platform in Ethiopia.

Nigeria Capacity Set to Triple

Dangote's expansion plan will raise urea fertiliser production in Nigeria from 3 million metric tonnes per year to 9 million metric tonnes. The programme also includes a new 3 million metric tonne urea plant in Ethiopia, creating one of the largest fertiliser production platforms in the world.

The investment comes at a time when Africa is facing rising food demand, population growth and climate pressures on farming systems. Greater local production of fertiliser is expected to help farmers improve yields, support regional food systems and reduce exposure to global supply chain disruptions.

AFC Deepens Partnership With Dangote Group

AFC's latest facility builds on its long relationship with Dangote Group across major industrial projects. The corporation previously served as Co-Coordinating Bank for a US$3 billion syndicated loan for Dangote Refinery and recently received full repayment of its US$300 million senior term loan to Dangote Industries Limited. By reinvesting a larger amount into the fertiliser expansion, AFC said it is continuing its model of backing large African projects at critical stages and recycling capital into new development-focused ventures once earlier assets become stable.

Aliko Dangote, President and Chief Executive of Dangote Industries Limited, said the investment marks another important step in the group's partnership with AFC. He said expanding production in Nigeria and developing a new plant in Ethiopia would support food security, agricultural productivity and Africa's industrial base.

Focus on Food Security and Economic Sovereignty

AFC President and CEO Samaila Zubairu said Africa must prepare to feed a population expected to reach 2.5 billion by 2050. He noted that Africa currently consumes far less urea than countries such as India and China, despite having a large and growing population.

The fertiliser expansion is expected to help close this productivity gap by increasing access to critical agricultural inputs, creating productive jobs and strengthening Africa's ability to produce more of what it needs within the continent.

AFC said the deal reflects its wider focus on financing projects in energy, transport, logistics, industrial processing and food security. The corporation sees fertiliser production as part of a broader strategy to build African capacity, expand exports and support long-term economic resilience.