Aliko Dangote says he hopes to list Dangote Fertiliser Limited in 2027, putting another of his group’s major businesses on the path towards public ownership.
He disclosed the target on Tuesday, 29 September, during a meeting with investors at the Nairobi Securities Exchange. “Sometime next year we hope to list it. Let it be owned by the people,” he said, according to Reuters.
His wording matters. Dangote gave a target year, but did not announce a date for a share sale or set out how many shares would be offered. Investors will need those details before they can assess a potential offer.
Expansion plans
Dangote told the investors that the fertiliser company aims to develop six production lines, with delivery expected between late 2028 and early 2029. The group is targeting annual capacity of 12 million metric tonnes.
That is an expansion goal, not the plant’s current output. Dangote Fertiliser says its existing complex in Ibeju-Lekki, Lagos State, has annual production capacity of three million metric tonnes of urea.
The distinction is relevant to a future listing. A 2027 share offer would come before the additional production lines are expected to be delivered. Prospective investors would therefore have to assess both the operating business and the cost and prospects of its expansion.
What a listing would mean
Listing the company would allow shares to be traded on a stock exchange after the necessary offer and listing steps are completed. It would give eligible investors a way to buy a stake in the business, though the price, size and structure of any offer have yet to be announced.
The Nigerian Exchange Group expressed support for a potential Dangote Fertiliser listing in 2025. Dangote’s remarks in Nairobi set out his latest hoped-for timing; they do not, on their own, amount to a completed listing or an invitation to buy shares.
For now, the development is a statement of intent. The next details to watch are the proposed exchange, formal offer documents, price and confirmed timetable.
