President Ruto Commends Dangote Refinery During Lagos Visit
On September 25, 2026, Kenyan President William Ruto toured the Dangote Refinery located in the Lekki area of Lagos, Nigeria. He described the refinery, which has a capacity of 650,000 barrels per day, as a remarkable achievement in science, engineering, and creativity, stating that its scale exceeded his expectations.
Accompanied by his wife, Rachel Ruto, he expressed Kenya's support for the Dangote Group's broader investment plans across Africa. Aliko Dangote, President and Chief Executive Officer of Dangote Industries Limited, mentioned that the group aims for significant investments, targeting $110 billion in revenue by 2030, with projected EBITDA rising to $30 billion from an estimated $10 billion in 2026.
Furthermore, the Dangote Group is set to begin construction of a new 700,000-barrel-per-day refinery in Lamu, Kenya, on September 30, with an estimated cost of $15 billion to $16 billion, expected to take three years to complete.
Plus234Feed summary based on reporting from Legit.ng. Read the original report below.
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