Dangote Refinery Expansion Investment
Sector: Oil and Gas • Location: Lagos, Nigeria
Source: TTYBrand Africa
Nigerian billionaire Femi Otedola plans to invest $100 million in the Dangote Group refinery project, which is the world's largest single-train petroleum refinery located in the Lekki Free Zone, Lagos. The refinery has a capacity of 650,000 barrels per day and aims to satisfy Nigeria's domestic fuel demand while exporting refined petroleum products across Africa and international markets. This inv
- Status
- Under Construction
- Sector
- Oil and Gas, Rail
- Location
- Lagos, Nigeria
- Updated
- 22 Jul 2026
- Source
- TTYBrand Africa
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Project Information
Participants
| Not available for this record. |
Status
Original status | operational with ongoing investment |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Nigerian billionaire Femi Otedola plans to invest $100 million in the Dangote Group refinery project, which is the world's largest single-train petroleum refinery located in the Lekki Free Zone, Lagos. The refinery has a capacity of 650,000 barrels per day and aims to satisfy Nigeria's domestic fuel demand while exporting refined petroleum products across Africa and international markets. This investment highlights growing confidence in Nigeria's energy sector and aims to deepen financial backing for the downstream oil and gas industry. |
Original sector | Energy |
Budget |
Location
Country | Nigeria |
State | Lagos |
City | Lagos |
Source
Source | TTYBrand Africa |
URL |
More Details
Record type | Project |
Sector | Oil and Gas, Rail |
Article published date | 2026-05-23 |
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