Dangote Plans Major Refinery Expansion in Nigeria and Kenya

Aliko Dangote, President of Dangote Group, revealed that the company’s Vision 2030 includes plans to increase the capacity of the Dangote Refinery in Nigeria to 1.4 million barrels per day and to build a new refinery in Kenya. In an interview with News Central on September 22, 2026, Dangote admitted he underestimated the challenges of constructing the refinery but noted that the experience has helped him overcome his fears.

The expansion of the Nigerian refinery and the establishment of the Kenyan facility are integral to the group's long-term strategy. The announcement coincides with the Dangote Refinery's transition to a publicly listed company, with its Initial Public Offering (IPO) starting on September 14, 2026, at a share price of ₦525 per unit.

This development marks a significant step in enhancing the refinery's processing capacity and solidifying Dangote Group's influence in the African energy sector.