Aliko Dangote, chairman of the Dangote Group, says the company is working with the Nigerian Exchange (NGX) and the Securities and Exchange Commission (SEC) to enable dividend payments in dollars.
Dangote made the disclosure on Thursday at the unveiling of Dangote Group’s ‘$100bn Vision 2030: Accelerating Africa’s Industrialization’.
The billionaire industrialist said the conglomerate is targeting $100 billion in annual revenue by 2030 — a milestone he noted would place the company “among the top 100 companies in the world”.
“By 2030, the Dangote Group will become a $100 billion revenue enterprise,” he said. “When we get there, we will be one of the 100 top companies in the world. We will also have approximately over $200 billion market capitalisation.”
He added that the company is already engaging with market regulators to enable future dividend payouts in US dollars.
“We are working with the NGX and the SEC to make sure that we will pay our dividends in dollars. The most honourable minister of finance and coordinating minister of economy will give approval to that,” Dangote said.
The industrialist clarified that the dollar dividend payments will not rely on the Central Bank of Nigeria (CBN), noting that ongoing projects — including the fertiliser business — will generate around $6.4 billion in annual revenue inflows.
“So we will have enough money to pay for dividends in dollars,” he added.
Dangote said the group’s long-term ambition is to lead Africa’s industrial transformation by building globally competitive businesses that make the continent self-sufficient and economically stronger.
“Our mission is to build and operate world-class businesses that transform Africa’s business into essential products, creating jobs, value and self-sufficiency across the continent,” he said.
He emphasised that the company’s vision and mission are not “merely inspirational language” but a concrete, measurable roadmap with implementation already in progress.
