Gambiaj.com – (BANJUL, The Gambia) – President Adama Barrow has announced that Nigerian industrialist Aliko Dangote has committed to investing US$2 billion in The Gambia, with plans to develop a 250-megawatt solar power plant and a modern fuel storage facility.
The announcement followed a meeting at State House in Banjul on Tuesday, held on the sidelines of the African Caucus 2026 meetings.
Dangote, President and Chief Executive of the Dangote Group, was accompanied by Olusegun Alebiosu, Chief Executive Officer of the First Bank Group, which is supporting the initiative.
Major Energy Projects and Investments
According to the presidency, the investment will focus on two major infrastructure projects aimed at transforming the country’s energy sector.
The first project involves the construction of a 250-megawatt solar power plant, which is expected to significantly increase The Gambia’s electricity generation capacity while accelerating the country’s transition to renewable energy. The project is also intended to improve access to reliable and affordable electricity for households, businesses, and industries.
The second project will establish a modern fuel tank farm to expand the country’s strategic petroleum storage capacity. The facility is expected to strengthen national fuel security by reducing the risk of supply disruptions and helping to stabilize fuel prices.
President Barrow described the investment commitment as a strong endorsement of The Gambia’s political stability, economic reforms, and improving investment climate.
He assured the delegation that his government would provide full support to ensure the timely implementation of the projects. The President also directed relevant ministries, departments, and agencies to work closely with the Dangote Group’s technical teams to facilitate their execution.
Dangote praised President Barrow’s leadership and thanked the Gambian government for the hospitality extended to his delegation during the African Caucus meetings.
He reaffirmed the Dangote Group’s confidence in The Gambia as an attractive investment destination and pledged to deliver the projects in line with international standards.
Both sides agreed to formalize the partnership through the signing of the necessary agreements, followed by feasibility and technical studies and the establishment of joint implementation structures to oversee the projects.
The Gambian government described the agreement as a significant milestone in its national development agenda and said it reflects growing confidence among leading African investors in the country’s economy.
The Barrow administration also reiterated its commitment to promoting intra-African trade and investment while continuing to attract strategic investors capable of supporting the country’s long-term economic transformation.
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