A new strategy designed to fast-track the industrialisation of Africa by strengthening economic self-sufficiency, and empowering its next generation has been announced by Dangote Industries Limited (DIL).
This scheme is known as the Vision 2030 and the main goal is to increase the production capacity of the cement arm of the conglomerate to approximately 90 million tonnes by 2030, positioning the organisation as one of the world’s most competitive cement producers.
The president of the firm, Mr Aliko Dangote, while speaking at a recent event in Lagos, reaffirmed that the company’s long-term direction is focused on building Africa’s capacity to feed itself, power its economy, and develop its people sustainably.
He also disclosed that in four years’ time, Dangote Industries Limited should be a $100 billion enterprise through sustained industrial expansion, cross-border investments, and strengthening Africa’s independence in strategic sectors such as energy, manufacturing, and infrastructure.
The businessman added that as part of its long-term commitment to developing African talent, the group came up with a N1 trillion ($600 million) education fund in December 2025.
“Our ambition goes far beyond building factories; we are building the structures that will enable Africa to feed itself, power its industries, and equip its people for long-term prosperity.
“Under this vision, we have announced the expansion of our petroleum refinery from 650,000 barrels per day to 1.4 million barrels per day, and our fertiliser plant to 12 million metric tonnes per annum. Our cement business is also on track to reach 90 million tonnes by 2030 — which means producing 50 percent more than the entire cement output of Saudi Arabia,” he said.
“Empowering the next generation is essential for building the Africa we envision. This fund is a major investment in the future of young Africans who will drive the continent’s transformation in the years to come,” he added.