ADVERTISEMENT
  • Africa
  • World
  • Our Shows
    • Entrepreneurship
    • Destination Business
    • 101business TV Show
Business 360 News
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly
No Result
View All Result
Business 360 News
No Result
View All Result
Home Business news

Dangote Refinery Expansion to Create 95,000 Jobs, Set to Become World’s Largest

Victoria Emeto by Victoria Emeto
April 27, 2026
in Business news
0
Dangote Refinery Exports 456,000 Tonnes of Fuel to Five African Nations

President of the Dangote Group, Aliko Dangote, has announced that the planned expansion of the Dangote Refinery will generate employment for no fewer than 95,000 skilled workers at the peak of construction.

Dangote made the disclosure at the weekend in Lagos during his induction as an honorary fellow of the Nigerian Academy of Engineering. He described the expansion as a key milestone in Nigeria’s journey toward industrial transformation.

According to him, the project will increase the refinery’s production capacity to 1.4 million barrels per day, reinforcing the group’s commitment to engineering excellence, job creation, and sustainable economic growth.

“This award is particularly meaningful because it recognises what we are doing in the industry, especially our commitment to employing engineers and skilled professionals. At the peak of construction for this expansion, we expect to have about 95,000 skilled workers on site, and we will continue to grow,” Dangote said.

Upon completion, the expanded refinery is expected to surpass the Jamnagar Refinery in India, becoming the largest refinery in the world. The development is projected to significantly strengthen Nigeria’s refining capacity and position the country as a major player in the global energy market.

Dangote emphasised that the expansion would rely heavily on Nigerian expertise, creating opportunities for engineers, technicians, artisans, and other skilled professionals. He noted that the project aligns with the group’s long-term vision for industrialisation across Nigeria and Africa.

Beyond employment generation, the expansion is expected to stimulate local manufacturing, enhance technology transfer, and deepen Nigeria’s oil and gas value chain. It will also improve fuel security, reduce dependence on imported petroleum products, and deliver significant foreign exchange savings for the economy.

“The scale of this expansion reflects our confidence in Nigerian capacity and our belief that Africa has the ability to build world-class infrastructure that meets global standards,” Dangote added.

In his remarks, President of the Nigerian Academy of Engineering, Rahamon Bello, described the honour as well-deserved, noting that Dangote’s impact goes beyond infrastructure.

“What makes this recognition fitting is not only what has been built but also what has been inspired. Alhaji Aliko Dangote’s journey continues to motivate a new generation of engineers, entrepreneurs, and innovators to think boldly, act decisively, and believe in the immense possibilities within our continent,” Bello said.

The refinery, which currently has a capacity of 650,000 barrels per day, is expected to scale up to the new target over the next three years.

Tags: #DangoteRefinery#IndustrialGrowth#JobCreation#NigeriaEconomy
Previous Post

LCCI Raises Alarm as Inflation Rises to 15.38%, Calls for Urgent Economic Reforms

Next Post

NERC Refunds N155.84m to Electricity Consumers Over Billing Disputes in 2025

Victoria Emeto

Victoria Emeto

Next Post
68% of Nigeria’s Installed Power Capacity Idle in February, NERC Data Shows

NERC Refunds N155.84m to Electricity Consumers Over Billing Disputes in 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FMDQ Exchange Admits Flour Mills of Nigeria’s ₦30.00bn Commercial Paper Notes

FMDQ Admits TSL SPV PLC ₦12.00 billion Series 1 Guaranteed Fixed Rate Infrastructure Bond to its Platform

March 11, 2021
NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

NIBSS Downtime Causes Delays in Electronic Transactions, Fintechs Alert Customers

June 7, 2024
NCAC inaugurates Creative Industry Sub-Committees

NCAC inaugurates Creative Industry Sub-Committees

September 20, 2020
Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

Asian Stocks Hit Record High as US Tech Rebound Lifts Market Sentiment

February 10, 2026
‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

‘The existence of a production hub in Nigeria will go a long way for the Fashion Industry’. FUNMI RUFAI LADIPO, President Fashion Designers Association of Nigeria.(FADAN)

25
Goldlink’s restructures board

Goldlink’s restructures board

10
Airtel Africa Plc gets admitted to the NSE Main Board

Airtel Africa Plc gets admitted to the NSE Main Board

6
Stallion Tank Farm resumes operations

Stallion Tank Farm resumes operations

3
Tanzania Targets June Signing for $42bn LNG Project After Prolonged Delays

Tanzania Opens Government Bond Market to All Foreign Investors

August 11, 2026
Galaxy Backbone Secures ISO Recertification Across Four Global Standards

Galaxy Backbone Calls for Stronger Policies and Investment to Build Nigeria’s Data-Driven Economy

August 11, 2026
NGX Market Capitalisation Hits N127.36tn Amid Weekly Gains

NGX All-Share Index Hits Fresh Record High as Market Capitalisation Gains N1.91tn

August 11, 2026
Global Oil Prices Surge Amid Middle East Tensions, Nigerian Fuel Costs Follow

Nigeria’s Domestic Refineries Receive 97.4% of Crude Supply Allocation in Q2 2026

August 11, 2026
Business 360 News

Business 360 News is a Business and Financial News Platform with an SMEs drive. Published by 360 Network Limited, and created with the aim of disseminating unbiased business stories to readers within and outside Nigeria, providing in-depth analysis of our stories from a critical perspective against the backdrop of realities, actualities, objectivity and balance.

Follow Us

Browse by Category

  • Africa
  • Agribusiness
  • Agriculture
  • AI
  • Art
  • Arts
  • Aviation
  • Banking
  • Blockchain
  • Business 360 Weekly
  • Business news
  • Business Travels
  • Capital Market
  • CHINA
  • Corporate
  • Cryptocurrency
  • Destination Business
  • East Africa
  • Economy
  • Education
  • Electric Vehicles
  • Electricty
  • Energy
  • Entertainment
  • Entertainment
  • Entrepreneurship
  • EV
  • Fashion
  • Fashion
  • Feature
  • Finance
  • Gas
  • Global Economy
  • Health
  • Hospitality
  • ICT
  • Insurance
  • IoT
  • Japan
  • Lifestyle
  • Luxury
  • Maritime
  • Meetings
  • Mortgage
  • News
  • NGOs
  • Oil
  • Petrol
  • Political Economy
  • politics
  • Real Estate
  • Real Estate
  • SMEs
  • Society
  • Solar Energy
  • South Africa
  • Sports
  • Start-Ups
  • Stocks
  • Success Stories
  • Tax
  • Tech
  • Tourism
  • Transportation
  • UK
  • Uncategorized
  • US
  • World

Recent News

Tanzania Targets June Signing for $42bn LNG Project After Prolonged Delays

Tanzania Opens Government Bond Market to All Foreign Investors

August 11, 2026
Galaxy Backbone Secures ISO Recertification Across Four Global Standards

Galaxy Backbone Calls for Stronger Policies and Investment to Build Nigeria’s Data-Driven Economy

August 11, 2026
  • Africa
  • World
  • Our Shows

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!

No Result
View All Result
  • Home
  • Africa
    • East Africa
    • West Africa
    • South Africa
  • News
    • Feature
  • Economy
    • Maritime
    • Agriculture
      • Agribusiness
    • Energy
      • Electricty
      • Oil
      • Petrol
      • Gas
  • Finance
    • Insurance
    • Tax
    • Real Estate
  • Capital Market
  • Tech
    • ICT
    • Solar Energy
    • Electric Vehicles
    • Blockchain
    • IoT
    • AI
    • EV
  • SMEs
    • Success Stories
    • Start-Ups
    • Entrepreneurship
  • Global Economy
    • UK
    • US
    • Russia
    • CHINA
    • Japan
  • Business 360 Weekly

© Business 360 News - Business, Finance And SMEs News | Design by Manifest!