Aliko Dangote, chairman of the Dangote Group, has revealed that the organisation is in discussions with the Nigerian Exchange (NGX) and the Securities and Exchange Commission (SEC) to enable shareholders receive their dividends in dollars.
Gatekeepers News reports that Dangote spoke on Thursday during the launch of the company’s “$100bn Vision 2030: Accelerating Africa’s Industrialization”.
Dangote said the group aims to reach $100 billion in yearly revenue by 2030, a milestone he believes will place the conglomerate among the world’s top 100 companies.
He said, “By 2030, the Dangote Group will become a $100 billion revenue enterprise”, adding that the company is also projecting a market capitalisation of over $200 billion.
According to him, technical work with regulators is ongoing to make the dollar-dividend plan possible. He said, “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.”
He explained that the dividend payout will not rely on funds from the Central Bank of Nigeria, noting that key ventures — including the fertiliser business — are expected to generate about $6.4 billion in inflows for the country.
The business mogul added, “So we will have enough money to pay for dividends in dollars.”
Dangote said the group’s broader goal is to drive industrial growth across Africa by building competitive businesses that support self-sufficiency and economic progress.
He said their mission includes producing essential goods, creating jobs, and adding value across the continent, stressing that the targets set for 2030 are not just motivational statements but a clear and achievable plan already in motion.
