Dangote Refinery to Allow Public Shares Raising Capacity to 700,000 bpd

By Ollus Ndomu

The Dangote Petroleum Refinery will open public share ownership by 2026, allowing all Nigerians to invest directly in the $20 billion mega‐project, Aliko Dangote announced. The move aims to build national wealth and broaden participation in what has become the continent’s largest oil refining operation.

Meanwhile, the refinery is expanding capacity by 7.7%, from 650,000 to 700,000 barrels per day by the end of 2025. Analysts say this will strengthen Africa’s energy independence and erode market share held by foreign refineries.

Experts note that the extra output has already altered supply flows, easing Nigeria’s reliance on imports and increasing exports across Africa. As production rises further, global gasoline markets, particularly in Europe, may also adjust to reshaped trade dynamics .

The twin announcements underscore Dangote’s drive to make the refinery both a national asset and a regional energy hub.

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Ollus Ndhomu

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