The new oil refinery launched by Dangote in Nigeria is the largest in Africa and its first product is expected to hit the market by the end of July 2023.

The new refinery in Nigeria will produce 650,000 barrels per day, which will enable it to solve the crisis of the country's energy supply. The refinery, which is owned by Aliko Dangote, the richest man in Africa and the Nigerian industrialist, is expected to increase domestic refining capacity, eliminating the current consumption deficit. It will also reduce dependence on imports and stimulate economic growth. The country is the largest importer of refined petroleum products in Africa. Therefore, local production will massively reduce the country's import bill