Aliko Dangote has confirmed that his flagship refinery in Lagos is now operating at full capacity, strengthening its role as a major energy supplier across the African continent.
With a refining capacity of 650,000 barrels per day, the facility is already exporting fuel to markets across West, Central, and East Africa. Approximately 17 cargoes of gasoline have been delivered, signaling a clear strategic pivot toward serving African demand.
The refinery is also scaling up urea fertilizer exports, with an annual production capacity of up to 3 million metric tons. While exports were previously focused on the United States and South America, increasing volumes are now being redirected to African countries amid rising demand.
Despite these gains, fuel prices in Nigeria remain at record levels, as global crude oil prices continue to offset the benefits of domestic refining.
Dangote has proposed increasing local crude supply and pricing it in local currency as a potential solution to ease cost pressures. Meanwhile, the Nigerian National Petroleum Company is reportedly boosting crude allocations to support refinery operations.
The development highlights the refinery’s growing importance for regional energy security, even as domestic economic challenges persist.
Source: Newstimehub
