RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home company news

Dangote Refinery Expansion to 1.4 Million Barrels Per Day Expected to Create 95,000 Jobs

Victoria Attah by Victoria Attah
April 27, 2026
in company news, Economy, Markets
Reading Time: 2 mins read
A A
0
Dangote Refinery Obtains License to Process 300,000 Barrels of Crude Daily
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The Dangote Group has revealed that its planned expansion of the Dangote Petroleum Refinery from 650,000 barrels per day to 1.4 million barrels per day will generate direct employment for at least 95,000 skilled workers at the peak of construction.

Aliko Dangote, President of the Dangote Group, made the disclosure on Saturday in Lagos while being inducted as an honorary fellow of the Nigerian Academy of Engineering. He described the project as a significant step toward Nigeria’s industrial transformation and long-term economic self-reliance.

AlsoRead

Net FX Flows Hit $22.5 Billion in Q2 2026, Highest Since Late 2019

Nigeria’s Stability Score Stands at 4.3 as Security Rating Slips to 1.6

NGX Extends Losses as Investors Shed ₦103.60 Billion

Dangote emphasized the group’s strong focus on local capacity development, stating that the expansion will create substantial opportunities for Nigerian engineers, technicians, artisans, and other skilled professionals.

“At the peak of construction for this expansion, we expect to have about 95,000 skilled workers on site, and we will continue to grow,” he said.

Upon completion, the expanded facility is projected to overtake India’s Jamnagar refinery to become the world’s largest single-train refinery. The project is expected to be executed over the next three years.

Dangote highlighted that the initiative goes beyond job creation, as it will stimulate local manufacturing, promote technology transfer, and strengthen Nigeria’s oil and gas value chain. It is also expected to enhance national fuel security, significantly reduce reliance on imported petroleum products, and generate substantial foreign exchange savings for the economy.

“The scale of this expansion reflects our confidence in Nigerian capacity and our belief that Africa has the ability to build world-class infrastructure that meets global standards,” he added.

The expansion aligns with the group’s broader vision of driving industrialisation across Nigeria and the African continent through heavy investment in engineering excellence and sustainable growth.

Prof Rahamon Bello, President of the Nigerian Academy of Engineering, praised the honour as well-deserved, noting that Dangote’s contributions extend far beyond physical infrastructure.

“What makes this recognition fitting is not only what has been built but also what has been inspired,” Bello said. “Alhaji Aliko Dangote’s journey continues to motivate a new generation of engineers, entrepreneurs, and innovators to think boldly, act decisively, and believe in the immense possibilities within our continent.”

The announcement comes as the existing 650,000 barrels-per-day refinery continues to ramp up local fuel production, gradually reducing Nigeria’s dependence on imported petrol and diesel. Industry observers view the planned expansion as a bold move that could position Nigeria as a major refining hub in Africa and beyond.

Tags: Dangoteuemploymentyouths
Previous Post

Aviation Taxes and Fees Consume 35% of Airline Revenues in Nigeria, CPPE Warns

Next Post

Nigeria Revenue Service Denies Introduction of New Vehicle Tax

Related News

The US dollar’s international dominance slowly being eroded.

Net FX Flows Hit $22.5 Billion in Q2 2026, Highest Since Late 2019

by Stephen Akudike
October 26, 2026
0

Nigeria’s net foreign exchange flows rose to $22.50 billion in the second quarter of 2026, the strongest quarterly reading since...

South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Nigeria’s Stability Score Stands at 4.3 as Security Rating Slips to 1.6

by Jide Omodele
October 26, 2026
0

Nigeria posted an overall Stability Score of 4.3 out of 10 in August 2026, with security emerging as the weakest...

Nigeria’s Stock Market Records N1.81 Trillion Gain in July.

NGX Extends Losses as Investors Shed ₦103.60 Billion

by Stephen Akudike
October 23, 2026
0

The Nigerian Exchange closed lower on Thursday, 22 October 2026, as profit-taking in selected stocks extended the previous session’s decline....

Dangote Cement to pay N340 dividend to shareholders.

Cement Prices in Abuja: HBM Cheapest at ₦12,600 as Dangote Tops ₦13,100

by Victoria Attah
October 23, 2026
0

A standard 50kg bag of cement is currently trading at different price points in Abuja, with HBM Elephant listed as...

Next Post
Federal Government to Generate N12bn Annually from new vehicle tax.

Nigeria Revenue Service Denies Introduction of New Vehicle Tax

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

The US dollar’s international dominance slowly being eroded.

Net FX Flows Hit $22.5 Billion in Q2 2026, Highest Since Late 2019

October 26, 2026
South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

Nigeria’s Stability Score Stands at 4.3 as Security Rating Slips to 1.6

October 26, 2026

Popular Story

  • South Africa Poised to Surpass Nigeria as Africa’s Largest Economy

    Nigeria’s Stability Score Stands at 4.3 as Security Rating Slips to 1.6

    0 shares
    Share 0 Tweet 0
  • Banks Brace for ₦2.86 Trillion Liquidity Boost as OMO Bills and FAAC Payouts Approach

    0 shares
    Share 0 Tweet 0
  • Net FX Flows Hit $22.5 Billion in Q2 2026, Highest Since Late 2019

    0 shares
    Share 0 Tweet 0
  • Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    0 shares
    Share 0 Tweet 0
  • Cement Prices in Abuja: HBM Cheapest at ₦12,600 as Dangote Tops ₦13,100

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>