By: Haddy Touray
Gambian President Adama Barrow has announced that Nigerian industrialist Aliko Dangote has committed to invest US$2 billion in The Gambia through strategic projects aimed at strengthening the country’s energy and petroleum infrastructure.
The announcement followed a meeting at the State House in Banjul on Tuesday between President Barrow and Dangote, President and Chief Executive Officer of the Dangote Group, on the sidelines of the African Caucus 2026 Meetings hosted by The Gambia.
Dangote was accompanied by the Chief Executive Officer of First Bank Group, Olusegun Alebiosu, whose institution is supporting the initiative.
According to a statement from the State House, the investment will focus on two major projects: the construction of a 250-megawatt solar power plant and the development of a modern fuel storage facility.
The statement said the solar power plant is expected to significantly increase the country’s electricity generation capacity, accelerate the transition to renewable energy and improve the reliability of electricity supply to households, businesses and industries.
It added that the fuel storage facility will enhance the country’s strategic petroleum reserves, strengthen fuel supply security and help stabilise domestic fuel prices.
President Barrow described the proposed investment as a strong vote of confidence in The Gambia’s political stability, economic reforms and investment climate.
He reaffirmed his government’s commitment to facilitating the timely implementation of the projects and directed the relevant ministries and agencies to work closely with the Dangote Group’s technical team.
Dangote commended President Barrow for his leadership and the hospitality extended to his delegation, reaffirming the Dangote Group’s confidence in The Gambia as an attractive investment destination.
He also pledged that the company would implement the projects in line with international standards.
The two sides agreed to formalise the partnership through the signing of the necessary agreements, the completion of feasibility and technical studies, and the establishment of joint implementation mechanisms.
The Gambian government described the investment commitment as a significant milestone in the country’s development agenda and an indication of growing confidence among African investors in its economy.
It reiterated its commitment to promoting intra-African trade and investment while creating an enabling environment for private sector-led development.
About the Author
