AFC’s USD 600m Facility Backs Dangote Fertiliser Expansion in Nigeria and Ethiopia

Friday 30th October 2026

By inAfrika Newsroom

A June 2026 financing announcement from Africa Finance Corporation outlined a USD 600 million facility for Greenview Fertiliser Corp, a Dangote Group holding company, as part of a larger proposed expansion in fertiliser production across Nigeria and Ethiopia.

AFC described the transaction as a cornerstone contribution to a programme with a headline value of USD 7 billion. The figure represents the wider announced programme rather than cash already spent or evidence that every factory has been completed.

The plan outlined in the release would raise urea production capacity in Nigeria from 3 million to 9 million metric tonnes per year and add a 3 million-tonne-per-year plant in Ethiopia. Both the scale and timing of that ambition depend on construction, financing, utilities, commissioning and market demand.

Fertiliser supply can shape agricultural productivity, especially in countries where growers face high costs, unreliable imports or shortages at key planting times. Greater production capacity would still need effective distribution networks and affordable access at farm level.

AFC placed the financing within a longer relationship with Dangote Group, pointing to previous funding for the company’s refinery and the repayment of an earlier USD 300 million loan. The refinery relationship does not mean that the refinery shown in the illustrative photograph is the fertiliser project.

A producer seeking regional customers must manage natural-gas feedstock, port and railway access, environmental compliance, storage and seasonal demand. These practical systems influence the delivered price of fertiliser as much as nameplate factory capacity.

For agriculture businesses across East and West Africa, an expansion of this size could reshape sourcing and trading decisions, but potential benefits depend on the final cost, availability and competitive position of products reaching local markets.

The source is AFC’s June 2026 financing announcement. Confirmation of more recent investment milestones, completed construction or realised volumes would require separate project updates.

Original issuing organisation: Africa Finance Corporation. This account reflects its 2026 announcement and distinguishes future plans from completed results.

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