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USD/NGN 1,331.44GBP/NGN 1,759.74USD/NGN black market ₦1,375GBP/NGN black market ₦1,850EUR/NGN 1,487.39JPY/NGN 8.40CAD/NGN 932.79

Dangote Refinery targets 1.4m barrels per day capacity by 2029 – Dangote

Aliko Dangote says the Dangote Petroleum Refinery will increase its capacity to 1.4 million barrels per day by early 2029, a major milestone for Africa. Read More:…

Aggregated · originally by Punch
13 Oct 2026, 10:30 WAT · 3 min read
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Dangote Refinery targets 1.4m barrels per day capacity by 2029 – Dangote

The Dangote Petroleum Refinery in Lekki, Lagos, began operations in 2023 as Africa's largest single-train refinery, built at a cost of roughly $19-20 billion, with an initial design capacity of 650,000 barrels per day, though actual output has typically been cited around 500,000 bpd as the plant has ramped up production. Since starting operations, the refinery has been positioned as a potential game-changer for Nigeria, which despite being a major crude oil producer has historically relied heavily on imported refined petroleum products due to the poor state of its state-owned refineries.

An expansion to 1.4 million barrels per day would more than double current capacity and significantly boost the refinery's role in regional fuel supply, potentially reducing Nigeria's and West Africa's dependence on imported refined products. The coverage so far centres on Aliko Dangote's own projection of a 2029 timeline, with details such as funding sources, specific expansion phases, and the refinery's current actual throughput not elaborated upon in these reports.