IBOV 185,229.17 ▼ 0.41% IPSA 11,381.18 ▲ 1.30% IPC MEX 63,873.32 ▲ 0.58% MERVAL 3,017,810 ▼ 1.43% COLCAP 2,525.81 ▲ 0.16% BVL PERÚ 60,023.65 ▼ 0.35% USD/BRL5.14▲ 0.28% USD/MXN17.23▲ 0.34% USD/CLP959.00▼ 0.31% USD/COP3,183▲ 1.64% USD/PEN3.37▼ 0.30% USD/ARS1,514▲ 0.26% USD/UYU40.16▲ 2.90% USD/PYG5,906▲ 2.95% USD/BOB9.95▼ 6.56% USD/DOP58.83▲ 0.22% USD/CRC444.45▲ 2.49% USD/GTQ7.63▲ 3.03% USD/HNL26.85▲ 0.38% USD/NIO36.62▲ 0.26% USD/VES846.42▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.75▲ 2.57% EUR/BRL5.91▲ 0.07% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,229.17 ▼ 0.41% IPSA 11,381.18 ▲ 1.30% IPC MEX 63,873.32 ▲ 0.58% MERVAL 3,017,810 ▼ 1.43% COLCAP 2,525.81 ▲ 0.16% BVL PERÚ 60,023.65 ▼ 0.35% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
since 2009
Friday, September 18, 2026

Africa Africa Energy

Dangote Refinery Workforce Set to Nearly Double as Lagos Plant Grows

By · September 18, 2026 · 5 min read

Africa Intelligence

One email, every weekday morning. African markets, politics and business — filed from our newsroom in Rio.

Yesterday’s subject line: “Petrobras signs eight oil blocks off Ivory Coast”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

NIGERIA · ENERGY

Key Facts

  • What happened A Dangote executive said the refinery’s workforce will practically double as capacity grows.
  • Who said it Edwin Devakumar, vice president for oil and gas and fertiliser at Dangote Industries Limited.
  • How big Capacity is set to rise from 700,000 to 1.4 million barrels per day by 2029.
  • The exception The water treatment section already has enough capacity and will not double its staff.
  • The catch No current headcount or hiring target was given, and 2029 is a target, not a fixed deadline.
  • What comes next The share sale that helps fund the expansion closes on 13 October 2026.

A senior executive says staff numbers inside Africa’s largest refinery will grow with capacity — but gave no headcount.

Map of Lagos and the Lekki coast showing the refinery site behind the Dangote Refinery workforce expansion
Map of the Lekki Free Trade Zone east of Lagos, where the Dangote refinery stands next to a deep-sea port (Map: FrankvEck, CC BY-SA 4.0 via Wikimedia Commons)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
Latin American markets, currencies and companies.
Open the full Ask Rio Times →

The Dangote Refinery workforce will “practically become double” as the Lagos plant expands, a senior executive said on Friday, 18 September 2026. The company aims to lift processing capacity from 700,000 to 1.4 million barrels per day by 2029.

What the executive said

Edwin Devakumar is vice president for oil and gas and fertiliser at Dangote Industries Limited. He spoke to journalists during a tour of the refinery in Lagos.

He said “the workforce will practically become double” inside the refinery. The exception is the water treatment section, “because there we already have substantial capacity.”

In other words, most operating units will need roughly twice as many people. The water treatment plant is the main exception, because it was built with spare room from the start.

Devakumar also signalled that fuel transport jobs may grow more slowly. He said the company does not expect “a substantial increase in the consumption of petrol and diesel” in Nigeria soon.

How far the expansion has come

According to the News Agency of Nigeria, basic engineering for the expansion is complete and most detailed engineering is done. Equipment has been ordered and major contracts signed with advance payments.

“We are targeting for three years, and probably we may be even doing faster,” Devakumar said of the timeline.

He said the second phase should cost less than the first, because much of the supporting infrastructure already exists. Premium Times reported that the first phase cost about US$20 billion.

Premium Times also reported plans to grow fertiliser output from 3 million to 12 million tonnes a year. That is a separate part of the wider Dangote group.

Why the Dangote Refinery workforce may grow less than output

Doubling staff does not mean doubling jobs everywhere. A guide on the tour said more than 70 percent of the refinery is automated.

Major processing units are run from one main control room. That is why relatively few people were visible on the site during the visit.

So the Dangote Refinery workforce will grow, but the plant is built to run lean. Many new roles are likely to be skilled technical posts rather than mass manual labour.

The share sale in brief

The expansion is partly funded by an initial public offering (IPO), a first sale of shares to the public. Subscriptions opened on 14 September 2026 and close on 13 October 2026.

The refinery is offering 4.1 billion shares at 525 naira (US$0.39) each, at 18 September 2026 rates. Full take-up would raise about 2.15 trillion naira (US$1.62 billion).

The whole expansion programme is budgeted at about US$14.3 billion. The share sale covers only part of that cost.

The refinery reported an after-tax profit of about US$1.8 billion on US$13 billion of revenue in the first half of 2026. Those earnings are another source of funding.

What is not yet known

Devakumar did not say how many people the refinery employs today. He also gave no target number for staff after the expansion.

It is also not clear how many new jobs will be permanent operating roles. Some may be temporary construction work instead.

The company has not said when hiring will start, or how much of it will be local.

The 2029 date is a company target. Large refinery projects often take longer than planned, although Devakumar said this one could move faster.

Why this matters to expats and investors

For engineers and technicians living in Nigeria, a bigger plant means more demand for skilled refinery staff. Contractors and service firms around the Lekki area of Lagos may also see more work.

For investors, hiring is a sign of how seriously the company is pushing the expansion. Rising staff costs will also shape profits once the new units start running.

For job seekers and training schools, the plan may point to more demand for process operators, technicians and engineers. Those skills are already in short supply in many markets.

For households and businesses across West Africa, more local refining could mean steadier fuel supply. It could also mean less reliance on fuel shipped in from Europe and Asia.

For anyone holding Nigerian shares, the listing adds a large energy company to the local market. It links part of that market more closely to fuel prices and construction progress.

What to watch next

The first test is the share sale result after 13 October 2026. Strong demand would give the company more money for the expansion.

After that, watch for construction milestones and any official hiring figures. Those will show whether the Dangote Refinery workforce is really on course to double.

For now, the plan is clear in direction, and the details should come into focus over the next few years.

Frequently Asked Questions

Frequently Asked Questions

Will the Dangote Refinery double its workforce?

A senior executive said the workforce inside the refinery will practically double as capacity grows. The water treatment section is the exception. No exact numbers were given.

When will the expansion be finished?

The company targets 2029 for reaching 1.4 million barrels per day. Devakumar said the work is planned for about three years and could go faster.

How is the expansion being paid for?

The programme is budgeted at about US$14.3 billion. An IPO open until 13 October 2026 could raise about 2.15 trillion naira (US$1.62 billion) toward it.

Connected Coverage

The Dangote Refinery IPO Opens Today, Africa’s Largest Share Sale, for 3.3% of the Company

The Dangote Refinery Share Offer Is Cheap to Enter and Expensive to Own

Nigeria Labour Congress Demands Wage Awards as Petrol Passes US$1 a Litre

Sources: Remarks by Dangote Industries vice president Edwin Devakumar, 18 September 2026, as reported by Premium Times, the News Agency of Nigeria, Leadership and Legit.ng; Reuters; Dangote Petroleum Refinery IPO prospectus.

The Big Picture

Africa: The New Scramble — why the world’s powers are competing for the continent

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

LatAm Markets: Live Signals → — real-time movers, turnover leaders and FX across Latin America.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.