Dangote said the expansion reflects confidence in Nigeria’s future and Africa’s potential. He stated: “This expansion reflects our confidence in Nigeria’s future, our belief in Africa’s potential, and our commitment to building energy independence for our continent and the world. It is about confidence in Nigeria, in Africa, and in our capacity to shape our own energy future.”
He noted that the initiative aligns with President Bola Tinubu’s goal of transforming Nigeria into a major global supplier of petroleum products. Dangote commended the President for implementing supportive policies such as the Nigeria First Policy, Naira-for-Crude Policy, and the establishment of a one-stop investment center, all of which have strengthened industrial growth and investor confidence.
The expansion aims to meet rising regional fuel demand, reduce reliance on imports, save foreign exchange, and enhance Nigeria’s energy security. According to Dangote, construction of the new facilities will create over 65,000 jobs and stimulate growth across supporting industries, while also enhancing Africa’s technical capacity for large-scale infrastructure projects.
Dangote also announced plans to raise polypropylene production from 900,000 metric tonnes to 2.4 million metric tonnes per year. This will increase the domestic supply of industrial materials such as linear alkylbenzene used in detergent manufacturing and base oils for various applications. He explained: “With this expansion, the refinery will transition from producing Euro V to Euro VI fuel standards, meeting the highest global environmental benchmarks. It will also expand our power generation capacity, ensuring full operational self-sufficiency.”
More than 85 percent of the refinery’s workforce are Nigerians, reflecting the company’s focus on local participation, technology transfer, and skill development. Dangote emphasized: “We remain committed to safety, sustainability, and local participation at every stage of this expansion. Our goal has never been just to refine oil, but to refine opportunities for our people.”
He also revealed plans to list the Dangote Refinery and Petrochemical Complex on the Nigerian Exchange Ltd. within the next year to promote broad ownership and transparency. He said: “Our long-term goal is to build Africa’s leading integrated energy and petrochemical hub, the first of its kind on the continent.”
Assuring stable fuel supply during the festive period, Dangote said: “As we approach the end of the year, Nigerians often face fuel shortages and price hikes. I want to assure everyone that the Dangote Refinery is fully committed to maintaining uninterrupted supply throughout the festive season.”
He expressed appreciation to President Tinubu, the Federal and Lagos State Governments, financial partners, and the refinery’s host community in Lekki for their support. “This expansion is not just about increasing capacity; it’s about confidence in our people, our country, and our continent. Together, we are building a stronger Nigeria and redefining what is possible for Africa,” he said.
