Aliko Dangote's Fertilizer Plant Listing May Fetch 3 Billion In Market Value

Dangote Fertilizer eyes 3 billion valuation as it prepares to debut on the Nigerian Exchange, marking a major move for Africas largest industrial plant.

The plant produces double Nigerias domestic fertilizer demand, enabling exports and reducing reliance on imports across West Africa and beyond.

Regulatory reforms now allow companies like Dangote Fertilizer to list, opening the door for expansion funding and global market growth.

Aliko Dangote, Africas richest man, is preparing to take one of his most ambitious ventures public: Dangote Fertilizer Limited. The company is gearing up for a debut on the Nigerian Exchange NGX that could value it at more than 3 billion, an offering that stands to reshape the countrys industrial and agricultural future.

The fertilizer plant, spread across 500 hectares in Ibeju Lekki, Lagos, is already the largest of its kind in Africa. But this isnt just about market size or valuation. Its part of a broader goal hes quietly pursued for years, rebuilding local industry and cutting Africas reliance on imports.

The plant can produce as much as 3 million metric tonnes of fertilizer a year, double what Nigeria currently needs. That surplus is expected to help bring down prices locally, make it possible to tailor blends for different soils, and create opportunities for export across the region. More than just boosting production, the broader goal is to shift Nigeria from relying heavily on imports to becoming self-sufficient, and even helping to supply its neighbors.

According to Bloomberg , the 3 billion valuation is based on a model that assumes the plant is operating at just 50 percent capacity. That suggests theres still significant upside ahead. Investors are already paying attention. If the listing succeeds, it could bring in fresh capital to expand production, build out distribution, and grow exports well beyond Africa.

The timing, Dangote says, is deliberate. In a recent interview, he described a phased rollout of public listings across the group. Yes, definitely. Thats the right thing to do, he said. We plan to start this year with the fertilizer business, then move on to the refinery. The idea is to begin with the most stable and profitable arm of his empire and build from there.