Femi Otedola has praised Aliko Dangote’s decision to expand the Dangote Refinery, calling it a “generational legacy”. The refinery’s capacity will increase from 650,000 barrels per day to 1.4 million barrels per day, making it the largest refinery in the world. Otedola, a longtime associate of Dangote, expressed his admiration, stating that the investment will benefit not just Dangote, but Nigerians and Africans.
Key Highlights of the Expansion:
– _Capacity Increase_: 650,000 barrels per day to 1.4 million barrels per day
– _Power Generation_: 500MW to 1,000MW
– _Fuel Quality_: Euro 5 to Euro 6 standards
– _Job Creation_: 65,000 workers, with 85% Nigerians
– _Listing_: Nigerian Stock Exchange in 2026
Otedola commended Dangote’s commitment to investing in Nigeria and Africa, describing it as a legacy that will outlive him. The expansion is expected to be completed within three years.
