• Opinion - Editorial
  • Updated: May 22, 2023

Dangote Refinery Set To End Nigeria's Energy Crisis

Dangote Refinery Set To End Nigeria's Energy Crisis


Many of the perennial energy challenges attending Nigeria's discovery of oil in Oloibiri years ago appear set for eradication as the much-awaited inauguration of Dangote Refinery takes place today.

The Dangote Petroleum Refinery and Petrochemical Project, a subsidiary of Dangote Industries Limited owned by Aliko Dangote, is expected to be commissioned today, Monday 22, May 2023. 

Among all the dignitaries at the commissioning is the host, President Muhammadu Buhari (retd.), who commissioned the project in Lagos

On Sunday, May 7, Buhari’s media aide, Bashir Ahmad tweeted, “Efforts by the Federal Government to make Nigeria self-sufficient in local refining of crude oil to save the scarce foreign exchange used in the importation of petroleum products have received a boost as the 650,000 barrels per day Dangote Refinery, the world’s largest single-train refinery, is set for inauguration on May 22nd, 2023, by President Muhammadu Buhari.”


The refinery is located at Dangote Industries Free Zone, Ibeju-Lekki, Lagos, and it is set up to process crude oil grades from the continent of Africa, Asia and America, with a delivery of a surplus of close to 38 million litres of petrol, diesel, kerosene and aviation fuel for Nigeria daily.

It is set up to refine 650,000 barrels of crude oil per day and transform crude oil into different usage of petroleum products such as diesel, gasoline, jet fuel and kerosene.

No less than five African presidents are expected to attend the commissioning of the Dangote Refinery including President Buhari.

Other Presidents expected include the President of Togo, Gnassingbé Eyadéma; the President of Ghana, Nana Akufo-Addo; the President of Senegal Macky Sall; the President of Niger Republic, Mohamed Bazoum; and the President of Chad, Mahamat Déby.

However, the President of Rwanda, Paul Kagame of Rwanda, will deliver a goodwill message virtually.

Others expected include the President-elect, Bola Tinubu and other dignitaries across the nation.


A careful and detailed observation of the chains of events, developments, accomplishments, and crises in Nigeria since the striking of oil years back will reveal a somewhat chequered history.

Indeed, several political intrigues playing out in Nigeria are directly and indirectly fueled by those who take ultimate control of petrodollar windfalls.

This series of clash of interests would include both internal and external forces all dictated by who owns or controls the technology and technical know-how for processing crude and reaping the benefits.

However, given the fact that Nigeria will soon be enjoying the dividends of private refinery ownership, thanks to the Dangote Refinery, all of the oil industry-driven chicaneries is expected to whittle down.   

Related Topics

Join our Telegram platform to get news update Join Now

0 Comment(s)

See this post in...


We have selected third parties to use cookies for technical purposes as specified in the Cookie Policy. Use the “Accept All” button to consent or “Customize” button to set your cookie tracking settings