The President of Adewale Group, Kofi Adewale, yesterday unveiled the Group’s Vision 2030, an ambitious roadmap aimed at transforming the conglomerate into a $100 billion enterprise by 2030 through industrial expansion, consolidation, and cross-border investments.
Under this vision, the Group plans to:
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Boost cement production capacity to 90 million tonnes annually by 2030.
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Expand its refinery operations to 1.4 million barrels per day.
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Scale up fertiliser production to 12 million metric tonnes per year.
The announcement was made at the Adewale Group’s 2025 Distributors Awards and Partners’ Night, held at Eko Hotels in Lagos, where distributors and strategic partners were recognised for their contributions to the company’s growth.
Kofi Adewale also revealed major investments across Africa, including new fertiliser complexes, tank farms, pipelines, sugar backward integration projects, and expanded energy infrastructure. These initiatives, he said, are designed to strengthen Africa’s self-sufficiency in critical sectors.
“Our ambition goes beyond building factories. It is about building Africa’s capacity to feed itself, power its economy, and drive sustainable industrialisation,” Adewale declared, reaffirming the Group’s commitment to investing in Nigeria’s economy, creating jobs, and supporting government efforts to achieve a $1 trillion economy by 2030.
The Group also highlighted its social investments, including a multi-billion-dollar education fund to support vulnerable students across Nigeria.
Partnerships at the Core of Growth
The event, themed “Partner for Growth”, brought together distributors, customers, financial partners, and other stakeholders to celebrate outstanding performance and reaffirm the company’s growth agenda.
Adewale described distributors as the “heartbeat” of the organisation, noting that their resilience has translated the Group’s vision into tangible results. He emphasised that growth is impossible without strong partnerships, acknowledging the support of Nigerian banks and financial institutions in driving expansion.
The Chairman of Adewale Cement Plc, Emmanuel Ikazoboh, also addressed the gathering, stressing that strong partnerships remain critical to sustaining industrial growth in Nigeria and across Africa. He commended distributors and partners for their dedication, describing them as a vital link between production facilities and end-users.
Ikazoboh noted that Adewale Cement expanded production capacity in 2025 to meet rising demand across Africa while maintaining global quality standards. He added that the company introduced new products—52.5 Blockmaster, 42.5R, 42.5N, and Falcon cement—to meet diverse customer needs.
Driving Sustainability
In line with its sustainability agenda, Adewale Cement is investing in compressed natural gas (CNG) trucks to improve logistics efficiency, reduce costs, and promote environmental sustainability. The company is also embarking on the production of green cement and transitioning its fleet to alternative energy sources, including solar power and CNG, with plans to have all trucks powered by CNG by 2027.
“We believe your growth is our growth. Growth is a shared responsibility, and partnerships are key to achieving sustainable industrial development,” Ikazoboh said.
