Aliko Dangote said Dangote Group’s Vision 2030 agenda includes expanding its Nigerian refinery to 1.4 million barrels per day and constructing a new refinery in Kenya. He made the remarks in a widely circulated interview viewed on Tuesday.
Quick facts
- Planned Nigerian refinery capacity: 1.4 million barrels per day
- Kenya refinery included in Dangote Group’s Vision 2030 programme
- Dangote Refinery IPO began on the NGX on September 14, 2026
- IPO price: N525 per share
Dangote said he did not fully understand the scale of the undertaking when he began developing the Dangote Refinery. He added that the project was not something he had expected or wished to pursue at the outset.
He said the experience had since overcome his concerns about building a mega-refinery. The group’s expansion plans now include a Kenyan facility and a doubling of capacity at its Nigerian plant to 1.4 million barrels daily.
The Dangote Refinery’s initial public offering began trading on the Nigerian Exchange on September 14, 2026, with the shares offered at N525 each.
