US EditionWest Africa: Ecowas Leaders Say Dangote Refinery Symbolises Hope for Africa
- On May 29, 2025, ECOWAS leaders, led by Aliko Dangote, toured the Dangote Petroleum Refinery in Lekki, Lagos, the world's largest single-train refinery.
- The visit followed Nigeria's push to reduce Africa's dependence on imports, with calls for other nations to build continent-serving infrastructure and deepen private sector collaboration.
- The refinery operates at about 80% capacity, produces Euro V standard fuel, and has lowered Nigeria's diesel price from N1,700 to N1,100, benefiting local industries and consumers.
- Dangote Refinery is set to bring in approximately five million barrels of West Texas Intermediate crude from U.S. Suppliers Vitol, Socar, and Glencore in July 2025, highlighting the facility’s ongoing partial dependence on imported oil despite obligations to source Nigerian crude.
- ECOWAS affirmed the refinery as a symbol of African industrial ambition and pledged to support regional market access while urging an industrial strategy addressing unemployment, poverty, and insecurity.
18 Articles
18 Articles
ECOWAS, Symbol of Enhancing Aspiration of Over 400 million Citizens_ H. E. Touray Tells West African Leaders in Lagos
By: Lamin B. Darboe Just from Abuja Dr. Omar Alieu Toray was speaking as he presided over the occasion of the 50th anniversary of ECOWAS where he mentioned that on the 28th of May 1975, visionaries from fifteen West African nations came together with one purpose: to forge a path of cooperation, integration, and shared progress for our people. That singular act of courage and commitment gave birth to the Economic Community of West African States—…
Dangote Says Nigerians Pay 55% Less for Petrol as Refinery Cuts Import Dependence
Aliko Dangote, president of the Dangote Group, says Nigerians are paying nearly half of what their West African neighbors spend on petrol, thanks to local refining at his multi-billion-dollar refinery. Speaking during a visit to the refinery by Omar Touray, president of the Economic Community of West African States (ECOWAS) Commission, Dangote said: “In neighboring […] The post Dangote Says Nigerians Pay 55% Less for Petrol as Refinery Cuts Impo…
Dangote Refinery Now Operating at 80% Capacity, Embarks on Buying Spree
By Adedapo Adesanya Dangote oil refinery is on a buying spree as it has been running at around 80 per cent since mid-March, according to industry monitoring group, IIR. The 650,000 barrels per day is still far from achieving its full operational capabilities due to inadequate feedstocks, though it is currently targeting 85 per cent, […]
Dangote Says Nigerians Pay Half the Petrol Price of West African Neighbours
LAGOS, Nigeria — Aliko Dangote, President of the Dangote Group, has revealed that Nigerians are currently paying only 55 per cent of what citizens in neighbouring West African countries spend on petrol, attributing the reduction to the impact of the Dangote Refinery. During a high-level visit to the 650,000 barrels-per-day facility in Lagos by Dr Omar Touray, President of the ECOWAS Commission, Dangote stated that the refinery has played a centr…
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