Dangote Refinery has announced it will increase production from 650,000 barrels per day to 1.4 million barrels per day.
Naijaonpoint reports that the President of the Dangote Group, Aliko Dangote, made this known during a press conference in Lagos on Sunday.
Dangote said the move reflects confidence in Nigeria’s future and aligns with President Bola Tinubu’s vision of making the country a global supplier of refined petroleum products.
According to him, upon completion, the expansion will make the facility the world’s largest refinery, surpassing the Jamnagar Refinery in India.
He said, “We are more than doubling the barrels… to 1.4 million from 650,000.
“This will make it the largest refinery” in the world, surpassing India’s Jamnagar Refinery.
“This expansion is about confidence in Nigeria, in Africa, and in our capacity to shape our own energy future.”
Dangote also commended the Federal Government for its support and for implementing policies that have spurred industrial growth, including the Nigeria First Policy, the Naira-for-Crude Policy, and the One-Stop Shop Initiative.
He said these policies have revolutionised the downstream sector and encouraged private investment in local refining.
According to him, government mediation also helped resolve recent disruptions at the refinery, which were linked to union activities and sabotage attempts.
The business mogul revealed that the expansion project would create about 65,000 jobs during construction and open new opportunities for local industries.
In addition to refining crude oil, the project will boost polypropylene production from 900,000 metric tonnes to 2.4 million metric tonnes per annum, alongside the production of base oils and linear alkylbenzene, a key ingredient for detergents.
While addressing concerns over potential fuel shortages during the year-end festive period, Dangote assured Nigerians of an uninterrupted petrol supply despite recent fluctuations in global oil prices.
He said the refinery was fully prepared to maintain consistent product flow and stable prices throughout the festive season.
He added, “For the first time in many years, Nigerians can look forward to a festive season free of fuel anxiety.”
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