Aliko Dangote has unveiled a massive 20,000MW power project that signals a bold new phase in his industrial expansion across Africa. The Nigerian billionaire, known for building the continent’s largest refinery, cement empire, and fertiliser operations, says energy now sits at the centre of his next move.
He made the announcement during a conversation with Makhtar Diop, Managing Director of the International Finance Corporation. He said Africa’s future depends on energy security, fertilisers, and strong industrial supply chains.
“We are now going into power… 20,000 megawatts,” he said.
Nigeria currently produces about 13,000MW of installed electricity capacity, but the system rarely delivers full output due to weak infrastructure and gas supply issues. A private sector addition of this scale could shift the balance of power generation in the country and reshape industrial growth across West Africa.
Dangote also pointed to Africa’s wider needs beyond electricity. He stressed petroleum products and fertilisers as key pillars for development. He added that his group will soon become the world’s largest fertiliser producer within two and a half years, with a target of 12 million tons of urea.
His expansion strategy also includes mining operations for potash and phosphate in Congo and Brazil. He confirmed ongoing development of a major deep-sea port with an 18-metre draft and investments in LNG infrastructure.
The industrialist linked this aggressive expansion to stronger financial performance. He explained that improved cash flow now allows the group to scale multiple projects at once without heavy asset pressure.
“We are now actually free of assets, and we can actually raise more money. Our cash flow now is very, very strong,” he said.
The announcement comes as the Dangote Petroleum Refinery, which processes 650,000 barrels per day, continues its expansion toward 1.4 million barrels per day, positioning it as one of the largest refining complexes in the world.
If executed, the 20,000MW project could significantly reduce Nigeria’s power deficit, attract industrial investors, and accelerate Africa’s long-discussed energy transformation.
