Close Menu
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
Facebook X (Twitter) Instagram
The Meridian Spy
  • Home
  • News
  • Politics
  • Health
  • Business
  • Education
  • Opinion
  • Lifestyle
  • Entertainment
The Meridian Spy
Home»Opinion»Dangote Plans Major East African Refinery
Opinion

Dangote Plans Major East African Refinery

meridianspyBy meridianspyApril 23, 2026Updated:April 24, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email
Share
    

Share!

  • Share
  • Tweet

Dangote Plans Major East African Refinery

 

Aliko Dangote, chairman of Dangote Group, has vowed to replicate his 650,000 barrels per day (bpd) Nigerian refinery in East Africa with support from governments in the region.

 

Dangote spoke on Thursday at the 2026 Africa We Build Summit — an infrastructure financing conference — held in Nairobi.

 

“I can give commitment to the two presidents that were here, if they support the refinery, we will build the identical one that we have in Nigeria,” Dangote said.

 

The billionaire stressed the need for African countries to “build self-sufficiency”.

 

Dangote said work has already commenced to scale up the capacity of the Nigerian refinery to 1.4 million bpd.

 

“We are building that one (the Nigerian plant) to scale 1.4 million barrels a day and will be the largest refinery in the world,” he said.

 

“… we have already started piling.”

 

The business mogul said the facility would account for about 10 percent of the total refining capacity of the United States (US) and would be integrated with petrochemical production to support manufacturing.

 

On Thursday, Kenyan President William Ruto said East African countries are discussing plans to build a joint oil refinery at Tanzania’s port of Tanga to serve multiple countries in the region.

 

Ruto, who also attended the conference, said the proposed refinery would process crude oil from the Democratic Republic of the Congo (DRC), Kenya, South Sudan, and Uganda.

 

“We’re going to have a joint refinery in Tanga to benefit all of us because that refinery is going to take on board the oil from the DRC, the oil from Kenya, the oil from South Sudan, and the oil from Uganda,” he said.

 

Dangote also said Africa must prioritise local production and industrial capacity, warning that dependence on imported finished goods exposes economies to supply disruptions and price volatility.

 

“It is possible — Africans can do it. Let us not be scared,” the industrialist said.

 

Dangote, citing polypropylene production in Nigeria as an example, noted that domestic manufacturing has helped sustain industries such as cement, flour, and grain processing in the West African nation.

If the East African project succeeds, it would mark another milestone in the billionaire’s expansion plans on the African continent.

The company is currently expanding fertiliser production in several African countries and intends to launch a Pan-African initial public offering (IPO), selling at least 10 percent of the refining business to fund a $40 billion growth vision.

Share this:

  • Share on WhatsApp (Opens in new window) WhatsApp
  • Tweet

No related posts.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
meridianspy

Related Posts

SPECIAL REPORT: Tinubu, Atiku, Other Nigerians Lobbying America with Billion Dollars By Kabir Abdulsalam,

April 12, 2026

Anioma State: History, Scholarship, and Political Advocacy, by Sunny Ibeh Jnr

April 11, 2026

Between Public Anger and Tolerating Repentant Terrorists By Kabir Abdulsalam

March 29, 2026
Search
Recent Posts
  • 2027: Tinubu, Olubadan not backing any aspirant, says Adelabu
  • Oil Surges to $105 Amid Fresh Middle East Tensions
  • Tinubu Okays N17bn Developmental Fund for 8,804 Wards
  • 2027:  Obi Won’t Get Ticket, despite Returning — Labour Party 
  • Dangote Plans Major East African Refinery
  • Tinubu Slashes Domestic Airlines’ Debts by 30%
  • Nigeria’s Ambassador-Designate to Algeria Dies in Turkiye
  • Governor Yusuf Appoints Murtala Garo as Deputy 
  • Shettima Inaugurates Kaduna Banquet Hall Named After Ex-Military Governor
  • NPRW: Shettima Urges PR Practitioners to Simplify Govt Reforms for Public Trust
  • JUST IN: Tinubu Sacks Finance Minister, Taiwo Oyedele to Take Over
  • ADC Ticket: Obi, Kwankwaso Tackle Atiku, Launch Joint Movement
  • NAF Bombards Terrorist Hideout in Sambisa, Eliminates fighters
  • Israel confirms image of soldier striking Jesus statue with sledgehammer
  • NRS to Generate Own Power as Grid Failures Persist
Categories
  • Business
  • Education
  • Entertainment
  • Foreign
  • Health
  • Investigations
  • Lifestyle
  • News
  • Opinion
  • Politics
  • Sport
Access Bank DiamondXtra Season 16 Rewards
  • About us
  • Contact Us
  • News
  • Politics
  • Health
© 2026 All Right Reserved. Designed by Techjuno

Type above and press Enter to search. Press Esc to cancel.