Dangote and Tinubu.webp
The Digest:

President Bola Tinubu has pledged full government support for the Dangote Refinery’s ambitious expansion, which aims to increase its capacity from 650,000 to 1.4 million barrels per day. Represented at the OTL Africa Downstream Conference in Lagos, the President described the project as a transformative step toward energy self-sufficiency for Nigeria and Africa.

Key Points:
  • President Tinubu endorses Dangote Refinery’s expansion to 1.4 million barrels per day.
  • The project will make it the largest refinery in the world, surpassing India’s Jamnagar.
  • Aliko Dangote announced the plan, citing confidence in Nigeria and Africa’s energy future.
  • The Minister of State for Petroleum represented Tinubu and emphasized value addition.
  • The expansion aligns with Tinubu’s vision of a competitive, deregulated downstream sector.
  • Africa imported $120 billion in hydrocarbon resources in 2024, highlighting local potential.
  • The move aims to capture a larger share of the African petroleum market for Nigeria.
By championing this historic expansion, Nigeria positions itself not only for energy independence but as a decisive player in the global energy landscape.
Fueling a Continental Future.

Sources: Channels Television, OTL Africa Conference
Tags: Dangote Refinery, Tinubu,