Cynthia Ezegwu
The Dangote Refinery has introduced plans to broaden its manufacturing capability from 650,000 barrels per day to 1.4 million barrels per day, in what would make it the biggest refinery on the planet upon completion.
The President of the Dangote Group, Alhaji Aliko Dangote, disclosed this on Sunday throughout a press briefing in Lagos, alongside his longtime affiliate and Chairman of First Bank, Mr. Femi Otedola.
According to Dangote, building work for the enlargement will start instantly, with completion anticipated inside three years.
He revealed that about 65,000 staff could be engaged for the undertaking, out of which 85 per cent could be Nigerians.
Dangote additionally introduced plans to double the refinery’s energy era capability from 500 megawatts to 1,000 megawatts, whereas upgrading manufacturing to Euro 6 gasoline requirements from the present Euro 5 specification.
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He additional disclosed that the refinery could be listed on the Nigerian Stock Exchange in 2026, permitting Nigerians to speculate and turn into shareholders within the multibillion-dollar enterprise.
Dangote expressed gratitude to President Bola Tinubu for his assist, saying the enlargement aligns with the corporate’s imaginative and prescient to strengthen Nigeria’s vitality independence and enhance Africa’s refining capability.
“The expansion is expected to be completed in three years,” he stated, including that the undertaking would create hundreds of jobs and stimulate progress in allied industries.
