PRESS RELEASE
L-R, Kenya President, William Samoel Ruto; Devakumar Edwin and Aliko Dangote during the Visit to Dangote Refinery
Kenyan President William Samoei Ruto has described the Dangote
Petroleum Refinery as "a masterpiece of science, engineering and art"
following a tour of the world-class facility in Lagos, while reaffirming
Kenya's commitment to partnering with Dangote Group on the proposed $17 billion
East African Oil Refinery and Petrochemical Complex in Lamu.
President Ruto, who visited the refinery after attending the
United Nations General Assembly (UNGA), said witnessing firsthand the scale,
sophistication and operational excellence of the 700,000 barrels-per-day
Dangote Petroleum Refinery had strengthened his confidence in the East African
refinery project.
"Coming here and seeing it for myself, I can confirm that I
have seen a masterpiece of science, engineering, with art. To my brother Aliko,
congratulations. I always knew Nigerians to be very brave people and
go-getters, but I did not anticipate that it was at this scale," President
Ruto said.
The Kenyan leader disclosed that preparations had been concluded
for the groundbreaking ceremony of the East African refinery project in Lamu,
which is expected to become a strategic regional asset for East Africa.
According to him, the refinery will drive industrialisation,
create jobs, strengthen engineering and technical capacity, enhance energy
security and promote regional economic integration.
"This is not a Kenyan refinery; it is going to be a
regional refinery. We are positioning our continent as an emerging growth
centre, and this project will help accelerate industrialisation, create jobs,
enhance engineering capabilities and strengthen Africa's economic competitiveness,"
he stated bureaucratic bottlenecks to ensure efficient project execution.
"The Government of Kenya is 100 per cent behind this
project. We have secured the required land and are working to ensure that we
spend our time building rather than navigating administrative delays," he
said.
The President further commended the leadership and commitment of
Dangote Group President and Chief Executive, Aliko Dangote, highlighting his
deep understanding of the refinery's technical and operational processes.
"The detail with which Aliko Dangote understands this plant
is remarkable. Unless you understand the details, you are unable to make the
right decisions. That commitment to excellence is one of the reasons behind the
success of this project," he added.
Dangote Group's Chief Strategy Officer, Aliyu Suleiman,
disclosed, during the visist that the conglomerate generated approximately $17
billion in revenue during the first half of 2026 and is on course to achieve a
record $36 billion in revenue for the full year, representing a 100 per cent
increase over the $18 billion recorded in 2025.
"The revenues of the Group have grown significantly over
the last five years. From $18 billion last year, we are on track to get to $36
billion this year. Our half-year revenue is already about $17 billion,"
Suleiman said.
He attributed the strong performance to sustained investments
across key sectors, including cement, sugar, fertiliser, petroleum refining,
upstream oil and gas, and other strategic businesses.
Suleiman noted that Dangote Group's growth ambitions are
anchored on its Vision 2030 Strategy, aimed at expanding the company's
industrial footprint across Africa and creating globally competitive businesses
on the continent.
"Between 2020 and 2025, the Group executed a capital
expenditure programme of approximately $50 billion. Over the next five years,
we intend to invest twice that amount as we accelerate our expansion across
Africa," he stated.
Suleiman emphasised that the proposed 700,000 barrels-per-day
greenfield refinery and petrochemical complex in Lamu, estimated at
approximately $17 billion, will be a cornerstone of the Group's ambition to
build a $100 billion African industrial enterprise.
"The East African refinery in Kenya is going to be a key
component of our journey and our dream to get to $100 billion. It is going to
be a major contributor," he said.
He added that Dangote Group's expansion plans span a broad range
of sectors, including port infrastructure, gas infrastructure, LNG, upstream
oil and gas, power generation, mining and other strategic industrial
investments across Africa.
As part of preparations for the project, Dangote Group has
signed a contract worth more than $450 million with Engineers India Limited
(EIL) to provide project management consultancy and engineering, procurement
and construction management services for the Lamu refinery and petrochemical
complex.
The partnership builds on EIL's experience and involvement in
the successful development of the Dangote Petroleum Refinery in Lagos.
Once completed, the East African refinery is expected to process
700,000 barrels of crude oil per day, strengthening regional energy security
and supporting industrial development across East Africa.
Dangote Group is also progressing plans to expand the processing capacity of the Dangote Petroleum Refinery in Nigeria from 700,000 barrels per day to approximately 1.4 million barrels per day through the addition of a new 750,000 barrels-per-day crude distillation unit. The expansion is expected to further solidify Nigeria's position as a leading exporter of refined petroleum products and enhance Africa's energy self-sufficiency.
President Ruto's visit and Dangote Group's ambitious growth
plans highlight the increasing impact of African-led investments in driving the
continent's industrial renaissance.
With record revenue growth, a robust investment pipeline,
expansion of refining capacity in Nigeria and the planned development of the
East African Oil Refinery in Kenya, Dangote Group is reinforcing its role as a key
driver of Africa's economic transformation, energy security, industrial
development and regional integration.
Credit Dangote Group PR
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