Africa’s largest refinery, the Dangote Petroleum Refinery, is set for a historic expansion that will increase its production capacity from 650,000 barrels per day (BPD) to 1.4 million BPD within the next three years.

When completed, the expansion will make the refinery the largest in the world, marking a major leap toward energy independence for Nigeria and Africa.

The President and Chief Executive of Dangote Industries Ltd., Alhaji Aliko Dangote, announced the plan on Sunday in Lagos.

According to him, the step reflects faith in Nigeria’s potential.

“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 is about confidence in Nigeria, in Africa, and in our capacity to shape our own energy future,” Dangote noted.

Dangote explained that the project aligns with President Bola Tinubu’s vision of making Nigeria a global supplier of petroleum products.

He commended the President for supportive initiatives such as the Nigeria First Policy, Naira-for-Crude Policy, and the creation of a one-stop shop for investors, which have spurred industrial growth and strengthened investor confidence.

Dangote said the expansion would meet rising regional demand, cut dependence on fuel imports, save billions in foreign exchange, and boost Nigeria’s energy security.

He revealed that the construction of the new facilities would employ over 65,000 workers, creating opportunities across local industries and building Africa’s technical capacity for large-scale infrastructure.

The business mogul also disclosed plans to increase polypropylene production from 900,000 metric tonnes to 2.4 million metric tonnes per annum, boosting local supply of industrial inputs such as linear alkylbenzene, for detergent production, and base oils.

“With this expansion, the refinery will transition from producing Euro V to Euro VI fuel standards, meeting the highest global environmental benchmarks.

“It will also expand our power generation capacity, ensuring full operational self-sufficiency.”

He said more than 85 per cent of the refinery’s workforce are Nigerians, with ongoing investments in skills development, safety, sustainability, and technology transfer.

“We remain committed to safety, sustainability, and local participation at every stage of this expansion.

“Our goal has never been just to refine oil, but to refine opportunities for our people,” he added.

Dangote also announced plans to list the Dangote Refinery and Petrochemical Complex on the Nigerian Exchange Ltd. within the next year, a move aimed at promoting broad ownership and transparency.

“Our long-term goal is to build Africa’s leading integrated energy and petrochemical hub, the first of its kind on the continent,” he said.

Dangote also assured Nigerians of steady fuel supply during the festive period, in spite of of the recent global oil price increases.

“As we approach the end of the year, Nigerians often face fuel shortages and price hikes.

“I want to assure everyone that the Dangote Refinery is fully committed to maintaining uninterrupted supply throughout the festive season.

“For the first time in many years, Nigerians can look forward to a festive season free of fuel anxiety.” he explained.

He expressed gratitude to President Tinubu, the Federal and Lagos State Governments, the refinery’s host community in Lekki, financial partners, and the company’s dedicated workforce for their support.

“This expansion is not just about increasing capacity, it’s about confidence in our people, our country, and our continent.

“Together, we are building a stronger Nigeria and redefining what is possible for Africa,” he said.

Dangote also urged other refinery license holders to collaborate in achieving the government’s goal of making Nigeria Africa’s refining hub.

“When Africa builds its own capacity, it builds its own destiny,” he said. (NAN)

The landing cost of imported petrol has dropped to N839.97 per litre as of October 21, 2025, cheaper than Dangote Refinery’s fuel, which sells for N877 per litre.

This is according to the latest energy prices bulletin released by the Major Energy Marketers Association of Nigeria.

The new price is a decrease from N841.54 recorded on October 20th, 2025.

The spokesperson of the Independent Petroleum Marketers Association, Chinedu Ukadike, confirmed the latest development in the pricing of petrol to DAILY POST on Friday.

According to him, the development is due to price competitiveness – typical of a deregulated downstream sector.

He noted that marketers will opt for cheaper petrol products so as to sell at affordable prices to Nigerians.

“It is due to the liberalisation of the sector, which has set the tune for a price war. Marketers now have the option to buy either at N877 per litre with Dangote Refinery or N839 with MEMAN,” he said.

The development may lead to a drop in the retail price of petrol nationwide.

Checks revealed that the latest ex-depot prices of Emedab, Gulf Treasure, Ardova and Bono stood at N875 per litre, while the of Dangote Refinery is N877.

Meanwhile, as of the time of filing this report, NNPC, MRS, Ranoil, Total and Emedab retail outlets in Abuja dispense petrol between N950 and N965 per litre.

The Federal Airports Authority of Nigeria (FAAN) has December 2025 to achieve full International Organisation for Standardisation (ISO).

The is contained in a statement by the authority’s Director of Public Affairs and Consumer Protection, Mr Henry Agbebire in Lagos.

The Managing Director of FAAN, Mrs Olubunmi Kuku, made this known at the unveiling of its ISO Policy aimed at institutionalising a culture of service quality, operational safety, and sustainable practice across all FAAN managed airports.

Kuku was represented by the FAAN Director of Human Resources and Administration, Dr Luqman Emiola.

The new policy, she said, integrates two standards, ISO 9001:2015 Quality Management System (QMS) and ISO 14001:2015 Environmental Management System (EMS), into a single framework.

”FAAN has achieved about 70 per cent completion of the certification process, with external auditors scheduled to arrive in November to assess compliance and close identified gaps.

”We are targetting full ISO certification by December 2025.

”The ISO policy reinforces the operational principle that, if it is not documented, it is considered not done,” she said.

She noted that the policy provided FAAN with a working document to guide internal audits across directorates.

Kuku said that it would ensure that every action reflected it’s commitment to service quality, safety, environmental stewardship, and operational excellence.

She reiterated the authority’s dedication to managing Nigeria’s airports in line with international best practices, ensuring safe, secure, efficient, and environmentally responsible operations.

The authority also reaffirmed its commitment to protecting the environment, supporting host communities, and providing a conducive workplace for staff.

Also speaking at the unveiling, the Director of Special Duties, FAAN, Mrs Obiageli Orah highlighted the purpose and importance of the ISO Policy.

According to her, the audit process is designed to measure FAAN’s commitment to quality, business conduct, customer satisfaction and environmental responsibility.