Business
Dangote to become the largest refinery in the world with 1.4m bpd capacity
……Commends Tinubu’s reforms, projects $55bn annual revenue
…Plans NGX listing to empower Nigerians
President of Dangote Industries Limited, Aliko Dangote, has explained that the decision to expand the Dangote Petroleum Refinery from 650,000 barrels per day (bpd) to 1.4 million bpd is driven by emerging opportunities across Africa, growing regional demand for cleaner fuels, and Nigeria’s evolving policy environment that encourages local refining.
Speaking at a media briefing in Lagos, Dangote said the $20 billion facility, already the largest single-train refinery in the world will more than double its capacity within the next three years, making it a global leader in petroleum refining and a major driver of Africa’s industrial renaissance.
“This expansion reflects our confidence in Nigeria’s future, our belief in Africa’s potential, and our commitment to building energy independence for our continent and the world. It also is about confidence in Nigeria, in Africa, and in our capacity to shape our own energy future,” Dangote said.
According to him- “It is the dream of President Bola Ahmed Tinubu GCFR, for Nigeria to emerge as one of the major suppliers of petroleum products in the world. And with his strong backing through his policies, we are taking on the challenge to make this happen”
He said the expansion reflects the group’s belief in Africa’s potential to achieve energy independence and transform its economy from being an exporter of raw crude to a hub for refined petroleum products.
Dangote revealed that the expansion project will be executed over the next three years and will be financed through a mix of cash flow, public listing, and strategic investors. When completed, the refinery will surpass India’s Jamnagar Refinery, currently the world’s largest, cementing Nigeria’s position as a global refining hub.
He said the refinery will also expand its polypropylene production capacity from 900,000 metric tonnes to 2.4 million metric tonnes per annum, further boosting the output of linear alkylbenzene, a key ingredient in detergent manufacturing, along with additional production of base oils.
“With this expansion, the refinery transitions from producing Euro V to Euro VI fuel standards, meeting the highest global environmental benchmarks,” he said. “We will also expand our power generation capacity to 1,000 megawatts, ensuring complete operational self-sufficiency. More than 85% of our workforce will be Nigerian, with continuous investment in skills development and technology transfer. Our commitment to safety, sustainability, and local participation remains unwavering throughout every phase of the expansion”
Highlighting the economic impact of the project, Dangote said the expansion will further strengthen Nigeria’s energy security, reduce foreign exchange outflows, and save the country billions of dollars annually that would otherwise go into importing refined products.
He estimated that the refinery’s revenue could exceed $55 billion annually, making it one of the most valuable industrial assets on the African continent.
Dangote reaffirmed plans to list a significant portion of the refinery’s shares on the Nigerian Exchange (NGX) within the next year, describing it as part of efforts to democratise ownership and allow Nigerians to share in the value creation.
“Our main listing will be here in Nigeria to give Nigerians value,” he said. “We want the Dangote Refinery to be the golden stock of the Exchange. Listing outside Nigeria is secondary to us. We want this to be a national asset in every sense. This is a step toward broader ownership and market transparency. Therefore we call on all Nigerians to seize this window, to benefit from this golden opportunity. Our long-term goal remains clear: to build Africa’s leading integrated energy and petrochemical hub the first of its kind on the continent”
He said the refinery’s strong cash flow, profitability prospects, and strategic positioning would make it attractive to both local and global investors.
“This expansion will create additional jobs, support thousands of SMEs, and deepen our industrial base. Our goal has never been just to refine oil, but to refine opportunities for our people” he said. “It is a vote of confidence in Nigeria, in the reforms of President Bola Ahmed Tinubu’s administration, and in the ability of Africans to build and manage world-class infrastructure.”
He expressed gratitude to President Tinubu and the Federal Government for supporting industrialisation policies such as Nigeria’s First, Naira-for-Crude, and the One-Stop Shop initiative, which he said have emboldened investors to take on transformative projects.
He also commended the government’s intervention in mediating recent disruptions at the refinery linked to union activity and sabotage attempts, calling it a demonstration of effective collaboration between the public and private sectors.
Despite not yet recouping the initial investment in the 650,000 bpd phase, Dangote said the group is focused on long-term transformation rather than short-term returns.
“Refining is a long-term project. We are expanding because we believe in Africa,” he said. “Without this refinery, Nigeria would still be buying dollars at ridiculous rates and depleting our reserves to import fuel.”
He emphasised that Nigeria’s pump price remains among the lowest in the region despite the refinery’s production of higher-quality, cleaner fuels that have reduced toxic dumping in the country.
Dangote emphasised that the refinery has already made a difference by stabilising local fuel supply, helping to strengthen the naira, and preventing capital flight.
“Nigerians today buy petrol at roughly half the price of what our neighbours pay, and it is even cheaper than in Saudi Arabia,” he noted. “Our product is of higher quality, meeting Euro VI standards, and it has significantly reduced the dumping of toxic fuel into our market.”
As Nigeria approaches the festive season, Dangote assured the public that there would be no fuel scarcity or price hike during the ember months, despite recent global price increases.
“In the last three days, we have witnessed an eight percent spike in global oil prices,” he said. “But I want to assure Nigerians that the Dangote Refinery is fully committed to maintaining uninterrupted supply of petrol throughout the festive period. For the first time in many years, Nigerians can look forward to a Christmas and New Year free of fuel anxiety.”
Dangote praised the Federal and Lagos State Governments for their continued support, along with the company’s host community in Lekki and its financial and technical partners.
“This expansion is not just about capacity; it is about confidence — in our people, in our government, and in our continent,” he said. “Together, we are building a stronger Nigeria and redefining what is possible for Africa.”
He called on other investors holding refinery licences to emulate the example, urging collaboration in achieving President Tinubu’s vision of making Nigeria the refining hub of Africa.
“When Africa builds its own capacity, it builds its own destiny,” Dangote concluded.
Business
Dangote Refinery is “Eight Wonder of the World,” says Femi Otedola
Dangote Petroleum Refinery has been described as the ‘Eight Wonder of the World’ that has changed global oil industry dynamics, putting Nigeria at a vantage position among other countries.
Nigerian billionaire businessman Femi Otedola, stated this when he visited the 650million MPD capacity Refinery in Lekki, Lagos state.
In a post shared on his official X account on Sunday, Mr Otedola, chairman of First HoldCo Plc, expressed profound admiration for the project. “Today 15 February 2026, I visited the Dangote Refinery, what I call the 8th wonder of the world,” he wrote.
He added that, following the successful completion of the ongoing expansion project, the refinery’s capacity would rise to 1.4 million barrels per day.
The Dangote Refinery, Africa’s largest and the world’s biggest single-train facility, only days ago reached its full nameplate capacity of 650,000 barrels per day. This milestone, announced earlier in the week, marked the first time any refinery of this scale had achieved 100 per cent of its designed output in a single train.
Plans to expand the complex were first disclosed by Aliko Dangote, president of the Dangote Group and Africa’s richest person, in October 2025.
The project, supported by technology and services from Honeywell International, is intended to more than double current capacity to 1.4 million barrels per day by 2028. Once completed, the enlarged facility would surpass India’s Jamnagar refinery to become the largest in the world. The expansion will also incorporate additional petrochemical production, including increased output of polypropylene, linear alkylbenzene and base oils.
Mr Otedola’s visit comes at a pivotal moment for Nigeria’s energy sector. The refinery’s attainment of full capacity is widely expected to reduce the country’s dependence on imported petroleum products, ease pressure on foreign exchange reserves and support broader economic stability.
The businessman has previously praised the project’s transformative potential, stating that domestic refining at this scale could strengthen the naira and reshape energy supply across Nigeria and the African continent.
Photographs shared alongside Mr Otedola’s post show him touring the vast industrial complex, underscoring the scale of what is regarded as one of Africa’s most ambitious industrial undertakings.
Business
Business and Human Rights in Nigeria 2025: Standing Firm and Looking Forward- Agabaidu Chukwuemeka Jideani
Executive Summary
In 2025, Nigeria’s Business and Human Rights (BHR) landscape reflects a nation at a critical juncture, struggling to achieve a critical mass of stakeholders to comply with and implement the National Action Plan on Business and Human Rights, balancing economic ambitions under the National Development Plan (NDP) with persistent human rights challenges exacerbated by divestments in the oil sector, economic reforms, and global regulatory shifts.
Driven by Dr. Anthony Okechukwu Ojukwu, SAN, the Executive Secretary of the Nigerian National Human Rights commission (NHRC), grounded in the UN Guiding Principles on Business and Human Rights (UNGPs), Nigeria’s National Action Plan (NAP) on BHR, approved in April 2023 and integrated into the broader NAP on Human Rights Promotion and Protection (2024–2028), marked a foundational step toward aligning business practices with human rights obligations. However, implementation has been impacted by lack of clarity, public awareness, oil pollution legacies, judicial delays, and socioeconomic pressures from inflation and fuel price hikes.
Globally, the 14th UN Forum on BHR in November 2025 emphasized accelerating action amid crises, influencing Nigeria’s priorities.
Progress includes stakeholder dialogues and NAP rollout, but challenges like corporate divestments without remediation persist. Prospects hinge on enhanced voluntary compliance by businesses, an effort that is motivated by Dr. Anthony Okechukwu Ojukwu, SAN and is being championed by the Abuja Chamber of Commerce and Industry and NACCIMA as the leadership of the Organized Private Sector in Nigeria; as well as enforcement, international partnerships, increased involvement of stakeholders, and the integration of the BHR into the Nigeria’s Open Government Partnership (OGP) NAP 4 Commitments -being spearheaded by Agabaidu C. Jideani, Director General of the Abuja Chamber of Commerce and Industry.
This review analyzes key activities, progress, challenges, and forward-looking strategies, drawing on UN reports, national dashboards, and regional forums to advocate for a “smart mix” of measures under the NAPBHR and the UNGPs.
Introduction: Framing BHR in Nigeria’s 2025 Context
Nigeria, Africa’s largest economy and most populous nation, derives over 80% of export revenue from oil, making BHR intrinsically linked to resource extraction, labour rights, and environmental justice. The UNGPs, comprising the state’s duty to protect (Pillar I), corporate responsibility to respect (Pillar II), and access to remedy (Pillar III), provide the normative framework.
Nigeria’s NAP operationalizes these, prioritizing sectors like oil, mining, and agriculture, with actionable items on employment nondiscrimination and environmental impact assessments.
In 2025, amid global volatility, escalating conflicts, AI governance, and delayed EU directives like the Corporate Sustainability Due Diligence Directive (CSDDD), Nigeria’s BHR efforts intersect with domestic reforms. Early economic shocks, including rising inflation and petrol price surges, market uncertainties amplified vulnerabilities, exacerbated human rights violations with the NHRC dashboard showing a 15% rise in violation complaints, have given way to some form of market stability though poverty and unemployment have continued to increase and the NHRC dashboards continues to elicit concerns about human rights violations. This review evaluates 2025’s trajectory, emphasizing resilience (“standing firm”) and innovation (“looking forward”).
Key Nigerian Activities on BHR in 2025
Nigeria’s BHR agenda in 2025 centered on NAP implementation, stakeholder engagement, and sector-specific interventions.
NAP Rollout and Institutionalization
The NAP, a chapter in the 2024–2028 Human Rights NAP, advanced through the National Working Group on BHR (NWAGBHR), co-led by the National Human Rights Commission (NHRC). Key activities included:
Establishment of the African Continental Centre on Business and Human Rights (ACCBHR): The NHRC and the Abuja Chamber of Commerce and Industry established the Centre as a hub to galvanize the Organized Private Sector in Nigeria to integrate human rights into business activities and business decision making.
Multi-Stakeholder Dialogues: The May 2025 National Dialogue on BHR in Abuja, hosted by NHRC with UNDP and EU support, mapped implementation roadmaps, focusing on UNGPs integration into AfCFTA compliance. Over 200 participants from government, business, and civil society endorsed priority actions like judicial sensitization on BHR cases.
State-Level Frameworks: Engagements are continuing to facilitate subnational BHR plans, addressing land acquisition and employment rights and conflict resolution in the key sectors of Oil and Gas, Mining, Agriculture and livestock development.
Thematic Focus: NHRC’s March and June 2025 Human Rights Dashboards highlighted BHR violations, including 12% rise in employment-related complaints, prompting Advisory Opinions on freedom of expression in business contexts.
Practitioners’ Certification Course on Business and Human Rights: The NHRC in conjunction with the Abuja Chamber of Commerce and Industry, and the African Continental Centre on Business and Human Rights held a two-day intensive program (December 2 and 3, 2025). The course equipped practitioners with proficiencies and skills to become champions and advocates for the integration of respect for human rights into business and commercial activities and forms the foundation of the establishment of a Register of BHR practitioners in Nigeria.
Sectoral Initiatives
Oil and Gas: Post-divestment scrutiny dominated, with UN letters to Shell, Eni, ExxonMobil, and TotalEnergies (July 2025) demanding remediation for Niger Delta spills. The Petroleum Industry Act (PIA) 2021’s host community provisions saw initial implementation, with $12 billion estimated cleanup costs allocated via the Host Community Development Trusts.
Labour and Gender: The Women in Leadership Coalition advocated for the Reserved Seats for Women Bill, linking BHR to gender quotas in corporate boards. ILO-aligned training reached 1,200 police on human rights in labour disputes.
Digital and Emerging Risks: NHRC addressed AI’s BHR implications, aligning with global consultations on technology due diligence.
Remedy Platform: The Registrar General of the Nigerian Chamber of Commerce Dispute Resolution Centre (NCCDRC) Mrs Hauwa Kaka Usman offered the platform for the independent resolution of Human Rights Violation Complaints, offering victims easy access to effective, speedy and cost friendly platform for the resolution of human rights disputes.
These activities underscore Nigeria’s proactive NAP domestication, though funding gaps persisted.
Global Activities Influencing Nigeria
Global BHR dynamics in 2025 shaped Nigeria’s priorities, emphasizing crisis-responsive implementation.
UN Forum and Working Group Engagements
The 14th UN Forum on BHR (November 24–26, Geneva) themed “Accelerating Action Amid Crises” drew 4,000+ participants, urging a “smart mix” of regulations. Nigeria’s NHRC and UN Global Compact Network participated, aligning NAP with Forum outcomes on conflict zones and Indigenous rights, relevant to Niger Delta disputes.
Regional and Bilateral Developments
Africa BHR Forum (October 7–9, Lusaka): The 4th edition, building on the 2024 Nairobi Declaration, tracked NAP progress across Kenya, Uganda, Nigeria, Liberia, and Ghana, focusing on child rights mainstreaming, where Nigeria’s provisions remain minimal. It called for common reporting frameworks, influencing Nigeria’s AfCFTA BHR clause negotiations.
Conclusion
2025 tested Nigeria’s BHR resolve, with NAP progress and the organized private sector buy in amid economic hardship, environmental pollution in the oil and gas and solid minerals sector, insecurity and conflicts within the agriculture subsector. Standing firm on our NAPBHR and the UNGPs foundations, while looking forward to integrated reforms, offers a pathway to increased progress in the coming years.
Agabaidu Chukwuemeka Jideani is a Business and Human Rights, Compliance, Risk, and Governance Expert. He Serves as the Director General of the Abuja Chamber of Commerce and Industry and a Director of the African Continental Centre for Business and Human Rights.
Business
Dangote Refinery to supply 1.5bn litres of petrol monthly
….Writes NMDPRA, Engages Marketers to Stabilise Fuel Market
Photo caption: L R: Chief Executive Officer, Dangote Fertiliser Limited, Vishwajit Sinha; Chief Executive Officer and Managing Director, Dangote Petroleum Refinery, David Bird; President and Chief Executive, Dangote Industries Ltd, Aliko Dangote; Managing Director and Chief Executive Officer, South South Development Commission, Usoro Akpabio, during the visit of SSDC members to the Dangote Petroleum Refinery and Fertiliser Plant in Lagos on Sunday, November 30, 2025.
Dangote Petroleum Refinery has announced plans to supply one billion five hundred million litres of Premium Motor Spirit (PMS) monthly to the Nigerian market in December 2025 and January 2026, a move aimed at ensuring uninterrupted nationwide fuel availability through the festive season and into the New Year.
President and Chief Executive of Dangote Industries Limited, Aliko Dangote, disclosed the plans at the weekend, noting that the refinery will make available 50 million litres of PMS daily beginning December 1.
“In line with our commitment to national wellbeing, and consistent with our track record of ensuring a holiday season free of fuel scarcity, the Dangote Petroleum Refinery will supply 1.5 billion litres of PMS to the Nigerian market this month. This represents 50 million litres per day. We are formally notifying the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) of this commitment. We will supply another 1.5 billion litres in January and increase to 1.7 billion litres in February, which translates to about 60 million litres per day,” Dangote said.
Photo caption: L R: President and Chief Executive, Dangote Industries Ltd, Aliko Dangote; Managing Director and Chief Executive Officer, South South Development Commission, Usoro Akpabio, during the visit of SSDC members to the Dangote Petroleum Refinery and Fertiliser Plant in Lagos on Sunday, November 30, 2025.
Speaking during a visit by the South-South Development Commission (SSDC) to the refinery and the Dangote Fertiliser complex, he stated that the facility currently has adequate stock and is producing between 40 and 45 million litres of PMS daily. He added that the daily supply of 50 million litres should dispel long-standing claims that domestic refineries lack the capacity to meet national demand.
Dangote also revealed ongoing engagement with petroleum marketers to strengthen distribution systems, including expanding the use of CNG-powered haulage.
“Our priority is to ensure Nigeria receives the products it needs. This is not driven by profit motives; it is about guaranteeing the availability of essential energy products. It is similar to the transformation we delivered in the cement sector,” he added.
He further noted that the refinery is progressing with its expansion plan to reach a capacity of 1.4 million barrels per day. More than 100,000 workers are expected to be involved in the expansion of both the refinery and the fertiliser complex. Dangote emphasised that the Group remains committed to its vision, driven by the strong public support for the company’s role in shaping Nigeria’s economic development.
During the visit, the Managing Director of SSDC, Usoro Offiong Akpabio, commended Dangote’s leadership and his continued contribution to strengthening Nigeria’s industrial capability, national energy security and long-term economic competitiveness.
She described the South-South region as Nigeria’s natural energy corridor, with vast crude oil reserves, gas infrastructure, maritime assets, agro-industrial activity and emerging industrial clusters. She noted that deeper collaboration between the region and the Dangote Group could unlock opportunities in product distribution, CNG infrastructure, petrochemicals, agriculture, and employment creation.
Akpabio added that such partnerships would advance the Federal Government’s energy stability agenda and position the South-South as a strategic growth hub for the Dangote Group.
“As the statutory development body for the South-South, SSDC is mandated to drive regional economic development, infrastructure integration, human capital advancement, and private-sector–led growth. In this regard, we stand prepared to support State-level policy and regulatory support for Ease-of-doing-business across our six states. Enabling environments for Dangote Group’s expansion into strategic sectors such as gas processing, agro-industrial value chains, renewable energy, logistics, and export-oriented manufacturing,” she said.
In a letter from the refinery’s Managing Director, David Bird, to the Authority Chief Executive of the NMDPRA, the company reaffirmed its readiness to host NMDPRA officials onsite at the refinery from December 1st to verify and publish its daily supply volumes. The refinery also sought the Authority’s support to ensure unhindered importation of crude, feedstocks and blending components, as well as smooth vessel loading for product evacuation.
“In the spirit of full transparency to the public we are willing to publish our daily production and stock volumes (online and print media),” Bird stated. “We seek the full support of NMDPRA to allow Dangote refinery to import our crude, feedstocks and blending components unhindered as well as support the lifting of our products by vessel. We continue to experience delays in vessel clearance which impacts not only the refinery operations but also our customers, adding unnecessary costs and inefficiencies”.
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