Nigeria and Angola are set to lead Africa’s energy transformation, with refining capacity projected to meet up to 90% of the continent’s fuel demand, up from 45% last year, according to the Africa Finance Corporation’s State of Africa’s Infrastructure Report 2025. The AFC highlights the need for two key investment strategies: $16 billion in brownfield upgrades to modernize existing refineries, and greenfield investments to support future demand, positioning Nigeria and Angola as emerging energy hubs.
The Dangote Refinery, with a capacity of 650,000 barrels per day, is central to Africa’s drive for energy security, according to the Africa Finance Corporation’s State of Africa’s Infrastructure Report 2025. The continent currently imports 55% of its petroleum products, but fully utilizing refining capacity could reduce this to just 10%. The commissioning of Dangote Refinery and the phased reopening of Nigeria’s Port Harcourt and Warri refineries could significantly boost fuel security. The AFC emphasizes the need for refinery upgrades, improved distribution infrastructure, and resilient energy systems to meet growing demand and achieve long-term energy independence.
In May 2023, Nigeria commissioned Africa’s largest oil facility, the Dangote Refinery, to tackle fuel shortages. President Tinubu hailed it as a landmark investment and praised Aliko Dangote for his commitment to national development.
