
- The Dangote Refinery is being built in the Lekki Free Zone near Lagos, Nigeria, and is expected to have a refining capacity of 650,000 barrels per day. This will significantly reduce Nigeria’s dependence on imported petroleum products and also make the country a major exporter of refined petroleum products.
- The refinery is expected to create thousands of jobs and have a significant impact on the Nigerian economy. It will also provide a major boost to the country’s oil and gas sector and help to attract foreign investment to the region.
- The Dangote Refinery is a massive industrial complex that is currently under construction in the Lekki Free Zone near Lagos, Nigeria. It is being built on a 6,180-acre site and is expected to have a refining capacity of 650,000 barrels per day.

A picture of the Dangote Refinery
- The refinery will consist of various units such as a crude distillation unit, a residual fluid catalytic cracking unit, a hydrocracker unit, and more. It will be able to process a variety of crude oil grades, including both light and heavy crude oils.
- The Dangote Refinery will also include various auxiliary facilities such as a central control room, a power plant, a water treatment plant, and more. It is expected to create thousands of direct and indirect jobs during its construction and operation phases.
- The Dangote Refinery is expected to significantly reduce Nigeria’s dependence on imported petroleum products and also help to make the country a major exporter of refined petroleum products. It is a highly anticipated project that is expected to have a major impact on Nigeria’s economy and the African continent as a whole.
- Reduced import costs: Nigeria currently imports most of its refined petroleum products, which is a significant drain on the country’s foreign exchange reserves. With the Dangote Refinery, Nigeria will be able to produce its own refined petroleum products, reducing the need for imports and saving the country billions of dollars in foreign exchange costs.
- Boost to the economy: The Dangote Refinery is expected to create thousands of direct and indirect jobs, both during its construction phase and once it becomes operational. This will provide a significant boost to Nigeria’s economy and help to alleviate the country’s high unemployment rate.
- Increase in government revenue: The Dangote Refinery is expected to generate significant tax revenue for the Nigerian government, both through direct taxes on the refinery’s operations and through indirect taxes on the increased economic activity generated by the project.
- Reduction in fuel subsidies: Nigeria currently subsidizes the cost of fuel for its citizens, which is a significant drain on the government’s finances. With the Dangote Refinery, Nigeria will be able to produce its own refined petroleum products at a lower cost, reducing the need for fuel subsidies and freeing up government funds for other purposes.
- Nigerian president to commission Dangote’s Refinery in two weeks.
- Overall, the Dangote Refinery is expected to have a significant positive impact on Nigeria’s finance, helping to reduce import costs, boost the economy, increase government revenue, and reduce fuel subsidies.

A picture of Dangote shaking hands with the workers on the refinery site.