### Aliko Dangote's Ambitious Expansion Plans for Africa's Largest Refinery Aliko Dangote, Africa's wealthiest individual, has announced a significant expansion of the Dangote Petroleum Refinery located in Lagos, Nigeria. The refinery, currently capable of processing 650,000 barrels of oil per day (bpd), is set to more than double its capacity to 1.4 million bpd. This ambitious project aims to position the refinery as the largest in the world, surpassing the Jamnagar Refinery in India. The expansion is expected to be financed through external funding, reflecting Dangote's confidence in Nigeria's economic future and the potential for energy independence across the continent. The initiative is also seen as a strategic move to reduce Nigeria's reliance on fuel imports and meet the growing energy demands in Africa and beyond [https://trendsnafrica.com/aliko-dangote-plans-to-enhance-refinery-capacity, https://energynews.pro/en/aliko-dangote-aims-to-make-his-refinery-the-worlds-largest-within-three-years, https://apnews.com/article/nigeria-dangote-refinery-oil-fuel-lagos-3c6d11332bb841b9d8a6e8fe8ffb918f]. ### Structure of Dangote's Expansion Plan 1. **Current Capacity and Future Goals** - The Dangote refinery currently processes 650,000 bpd. - The goal is to expand this capacity to 1.4 million bpd within three years. 2. **Financing and Economic Impact** - The expansion will be supported by external financing. - Expected annual revenue from the refinery post-expansion is projected at $55 billion. 3. **Strategic Importance** - The expansion aims to reduce Nigeria's dependence on fuel imports. - It is intended to meet the rising fuel demands within Africa and globally. 4. **Timeline and Implementation** - The project is set to commence immediately, with a completion target within three years. - The refinery's expansion is part of a broader vision for energy independence in Africa. ### Supporting Evidence and Data - **Current vs. Future Capacity**: - Current Capacity: **650,000 bpd** - Target Capacity: **1.4 million bpd** - **Projected Revenue**: - Expected Annual Revenue: **$55 billion** post-expansion [https://nationalaccordnewspaper.com/dangote-targets-us55bn-annual-revenue-from-refinery]. - **Strategic Goals**: - Aim to become the **largest refinery in the world**. - Reduce fuel imports and enhance energy security for Nigeria and Africa [https://dailypost.ng/2025/10/27/dangote-announces-expansion-target-to-become-worlds-largest-refinery-at-1-4m-bpd]. ### Conclusion: A Transformative Step for Africa's Energy Sector In summary, Aliko Dangote's plan to expand the Dangote Petroleum Refinery is a transformative initiative that could reshape Africa's energy landscape. The key points include: 1. **Expansion from 650,000 bpd to 1.4 million bpd** will position the refinery as the largest globally. 2. **External financing** will support this ambitious project, with a projected annual revenue of **$55 billion**. 3. The expansion is crucial for **reducing Nigeria's fuel import dependency** and meeting increasing energy demands. This strategic move not only reflects Dangote's confidence in Nigeria's economic future but also underscores a commitment to fostering energy independence across the continent [https://gentechnews.com.ng/dangote-refinery-commences-expansion-to-1-4-million-barrels-per-day-assures-nigerians-of-fuel-stability-during-festive-season, https://africa.com/dangote-aims-to-build-worlds-largest-refinery].