Dangote jokes over shareholder memes, announces 2028 fertiliser IPO
Aliko Dangote has confirmed plans for a Dangote Fertiliser IPO in 2028 while joking about social media memes from new refinery shareholders. Read More: https://punchng.com/dangote-jokes-over-shareholder-memes-announces-2028-fertiliser-ipo/
Aliko Dangote, Africa's wealthiest individual and founder of the Dangote Group, has expressed that the company intends to bring its fertiliser business public in 2028, according to an interview at the Qatar Economic Forum. In response to new Nigerian shareholders urging the group for a "board meeting," Dangote humorously confirmed that the Dangote Group does not currently have partners.
The fertiliser business, Dangote Fertiliser, operates a $2.5bn plant in Ibeju-Lekki, Lagos, with an annual production capacity of around three million tonnes of urea. The company plans to expand its production capacity to approximately 12 million tonnes by 2028, both in Nigeria and Ethiopia.
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