Aliko Dangote is betting that Africa's largest refinery, the continent's biggest cement producer, and his fertilizer businesses will expand his empire fivefold to $100 billion by the end of the decade.

The Dangote Group chairman, already Africa's richest person, sees the integrated energy and agriculture complex as a catalyst for continental self-sufficiency. The 650,000-barrel-per-day refinery near Lagos aims to end Nigeria's fuel imports, while fertilizer output targets regional food security.

Analysts note the plan hinges on stable crude supply, regulatory clarity, and execution across multiple mega-projects. Success would reshape West Africa's industrial landscape and elevate Dangote's conglomerate into a global top-tier player.

The ambition reflects Dangote's track record of scaling cement across 10 African nations. Investors watch whether the refinery's commercial launch and fertilizer ramp-up can meet aggressive timelines amid currency volatility and infrastructure gaps.