Dangote Refinery has announced an ambitious expansion plan to boost its processing capacity from 650,000 barrels per day (bpd) to 1.4 million bpd.
Aliko Dangote, President of the Dangote Group, revealed the plan during a press briefing in Lagos, emphasising that once the upgrade is complete, the refinery will surpass the current world-leading facility in India.
The expansion is expected to generate approximately 65,000 new jobs, with around 85% of the workforce coming from Nigeria. In parallel, the power generation capacity on-site will be doubled from 500 MW to 1,000 MW, and the facility will produce fuel meeting Euro 6 standards — aligning with international environmental benchmarks.
Located in the Lekki Free Zone, Lagos, the Dangote Refinery represents a US$20 billion investment aimed at fulfilling Nigeria’s domestic fuel requirements while exporting surplus products to neighbouring countries.
Having commenced operations in 2024, the refinery is already supplying both local and international markets. The planned upgrade underscores Nigeria’s broader strategy to industrialise and strengthen energy self-sufficiency.
In addition, the company plans to list the refinery on the Nigerian Stock Exchange in 2026, offering Nigerians the opportunity to become shareholders. The expansion is slated for completion within three years.
