en.Wedoany.com Reported - Aliko Dangote, during a meeting with Makhtar Diop, Managing Director of the International Finance Corporation (IFC), on Wednesday, disclosed a 20,000 MW power construction plan aimed at improving Nigeria's electricity supply situation and supporting Africa's industrial growth.
He stated that the group is extending from the refining, cement, and fertilizer sectors into the power industry to address Africa's severe development challenges. "We are now moving into the power sector, with a scale of 20,000 MW," Dangote noted, emphasizing that energy, fertilizers, and industrial raw materials remain crucial for the continent's economic advancement.
The project will leverage the group's financial strength, as the recently commissioned 650,000 barrels-per-day refinery and the expanded fertilizer business are driving the company's transition to an asset-light model, generating sufficient cash flow to support large-scale investments like power generation.
Dangote also revealed other expansion plans, involving potash and phosphate mining in Congo and Brazil, advancing liquefied natural gas projects, and constructing a deep-sea port. "Now, in about two and a half years, we will be the largest fertilizer company in the world. We are building 12 million tons of urea capacity. We are developing potash and phosphate mines in Congo and Brazil. We are building the largest deep-water port with an 18-meter draft. We are also doing liquefied natural gas," he added.
The emergence of this 20,000 MW project comes as Nigeria continues to grapple with chronic electricity shortages. Although the government has repeatedly pledged to increase generation capacity, the national grid's transmission often fluctuates around 3,000 MW. The country briefly reached a peak of 6,003 MW in March 2025, but failed to sustain it due to infrastructure sabotage and natural gas supply constraints.
The power woes continue to drag on economic output, with a large number of residents and businesses relying on diesel and petrol generators. The transmission network currently struggles to safely distribute more than 8,000 MW of electricity, while distribution companies face difficulties in tariff collection and accumulating debts to power generators and gas suppliers.
This move signifies that the Dangote Group is transitioning from petroleum refining, cement manufacturing, and fertilizer production into large-scale power generation, intending to play a broader role in Africa's industrial process.
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