The Dangote refinery is to become the biggest refinery in the world when its capacity is enlarged.

In a parley with the press the owner of Dangote refinery Alh. Aliko Dangote who is also regarded as Africa's richest man has announced an intention to enlarge the capacity of the Dangote refinery from its present capacity to refine 650 barrels of crude oil per day to a capacity of 1.4 million barrels of crude oil per day.

Alh Dangote also said he'll sell ten percent of the company to finance the project.

When it is completed it will be the largest refinery in the world surpassing the Jamnagar refinery in Gujarat, India. The Jamnagar refinery which has a capacity to refine 1.250 million barrels of crude oil per day is presently the largest in the world.

The Dangote refinery when completed will create 50000 more jobs.

This Dangote's initiative is in line with President Bola Ahmed Tinubu's economic desire to improve the Nigerian economy by creating more jobs and change the country's fortune by exporting finished products rather than exporting Nigeria's raw materials and decrease Nigeria's over dependence on foreign exchange.