Africa’s richest man, Aliko Dangote, isn’t slowing down anytime soon.
Fresh off the success of launching Africa’s biggest refinery, he’s now setting his sights even higher — expanding the Dangote Petroleum Refinery from 650,000 barrels per day to a jaw-dropping 1.4 million barrels per day.
If he pulls it off, Lagos will be home to the largest oil refinery on the planet, dethroning India’s Jamnagar Refinery and putting Nigeria at the very heart of global energy production.
This massive leap isn’t just about bragging rights — it’s about transforming Nigeria’s economy.
For decades, Africa’s top oil producer has imported most of its refined fuel.
But Dangote’s refinery is already flipping that script, exporting jet fuel to Europe and cutting down costly imports.
To fund this bold expansion, Dangote plans to sell up to 10% of the refinery’s shares on the Nigerian Stock Exchange — giving everyday investors a chance to own a piece of history in the making.
The next phase will bring in advanced petrochemical systems, cleaner Euro 6 fuels, and self-sufficient power generation.
If the three-year expansion timeline stays on track, the world’s energy map is about to be redrawn — with Nigeria right at the center.