Dangote Cement, one of Nigeria’s leading cement manufacturers, plans to invest $1 billion over the next four years to accelerate its expansion.
Dangote Cement, owned by Africa’s richest man, Aliko Dangote, currently has an estimated production capacity of 55.17 million tons.
With the $1 billion investment, the cement company plans to increase output capacity by 45% to 80 million tons over four years.
Gbenga Fapohunda, the company’s Chief Financial Officer (CFO), shared this information on Wednesday during an investor conference call in Lagos, the country’s economic metropolis.
He stated that the monies would be transferred to “Nigeria, Ethiopia, and some other countries.”
In February, the business announced a $1 billion partnership with China’s Sinoma International Engineering to build new plants and expand current ones throughout Africa.
The significant agreement, announced in Lagos, includes 12 projects in seven African countries and is part of DCP’s aim to increase production capacity to 80 million tons per year by 2030.
This new project builds on Dangote’s similar ambition to raise cement and clinker exports to 10 million tons by 2030, up from 1.4 million tons in 2025.
Dangote Cement has announced an 18.6% increase in cement and clinker exports from Nigeria, sending 34 shiploads of clinker to Cameroon and Ghana this year.
According to Bloomberg, the company’s CFO stated that the expansion plan would be funded through operating cash flow, supplier credit, commercial paper, bonds, and bank loans.
This plan had previously been discussed by the business’s Group Managing Director, Arvind Pathak, who stated that the cement company would continue to commission new capacity and progress projects in numerous African countries.
“We are confident in our growth trajectory and ability to capitalise on Africa’s robust cement demand fundamentals,” Mr. Pathak stated in an earnings report filed with the Nigerian Exchange.
“We will continue commissioning new capacity, including the transformational 6 metric tonne per annum (Mta) Itori plant, while advancing expansion projects in Ethiopia, Cameroon, South Africa, Zambia, and Senegal.”
Dangote Cement just recorded its greatest profit on record.
The corporation announced that its net profit for 2025 grew to N1 trillion, or over $730 million at an exchange rate of N1,369.06 to $1, more than double the previous year’s performance.
Revenue rose by 20.3% to N4.3 trillion, or almost $3.14 billion, owing primarily to higher prices and robust domestic demand.
The record earnings come despite a modest reduction in sales volumes, reflecting the company’s shift toward margin protection, cost efficiency, and export growth as it positions Nigeria as a regional manufacturing hub.
In February 2026, Dangote Cement Plc became the first business to offer Commercial Papers (CPs) on the Nigerian Exchange Limited (NGX).
The listing comes after NGX opened a Commercial Paper window on December 3, 2025, with approval from the Securities and Exchange Commission.
Dangote Cement’s Series 1 and Series 2 Commercial Papers have been admitted to the N500 billion Commercial Paper Issuance Programme.
The 181-day Series 1 CP for N19.95 billion matures on May 20, 2026. The N99.92 billion Series 2 CP matures on August 12, 2026, after a 265-day period.
Both instruments were issued at a discount and will be repaid at the par value of N1,000 at maturity. Series 1 and Series 2 had yields of 17.50% and 19%, respectively.
In October of last year, the cement company opened a $160 million factory in Attingué, roughly 30 kilometers north of Abidjan, Côte d’Ivoire’s commercial capital.
The 50-hectare complex has a production capacity of three million metric tonnes per year, making it one of the company’s largest sites outside Nigeria.