DANGOTE INDUSTRIES A LANDMARK ACHIEVEMENT INFLUENCING THE NIGERIAN ECONOMY
Prof Kenneth Amechi Ife
Visiting Professor, Godfrey Okoye University, Enugu, Nigeria
Abstract
This study identifies the impact of Dangote industries as a landmark achiever that has an influence on Nigerian economy. It was found that the Dangote Petroleum Refinery has reiterated its commitment to ensuring a stable and uninterrupted supply of petrol and diesel across Nigeria, positioning itself as a pivotal player in redefining Africa’s downstream energy landscape. Dangote Petroleum Refinery achieved a milestone of producing 70 million litres daily, exceeding Nigeria's domestic fuel needs. The refinery has positioned itself as pivotal for enhancing Africa's self-sufficiency in petroleum products. Operations focus on stabilizing the naira, ensuring energy security, and reducing foreign dependency. A sustainable model is employed, incorporating CNG-powered trucks for efficient product distribution. As the world’s energy landscape evolves, Nigeria’s success in refining its own crude and exporting surplus fuel offers lessons for other resource-rich but import-dependent countries across the Global South. The Dangote Refinery is no silver bullet, but it is a powerful demonstration of what can happen when ambition, capital, and execution align in the right place at the right time. The Data for the study were obtained from Dangote significant progress across its key sectors, most notably with its refinery becoming operational and immediate plans for major expansion, along with continued growth in its cement and fertilizer businesses. Finding reveal that Dangote Petroleum Refinery is expanding its capacity from 650,000 barrels per day to 1.4 million barrels per day, making it the largest refinery in the world, surpassing India’s Jamnagar Refinery
Keywords: Dangote, Industries, Landmark, Achievement Influencing, Nigerian, Economy
Journal Name :
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EPRA International Journal of Environmental Economics, Commerce and Educational Management
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Published on : 2025-12-13
| Vol | : | 12 |
| Issue | : | 12 |
| Month | : | December |
| Year | : | 2025 |