Nigeria is on track to expand its crude oil refining capacity to 2.64 million barrels per day (mbpd) by the end of 2030, driven by the development of 24 new refinery projects.
The ambitious infrastructure push aims to end the country's long-standing reliance on imported refined products and position it as a key energy hub for the continent.
The expansion plan, detailed in a report by Industry Report, signals a structural shift in Nigeria's energy sector.
For years, the nation has struggled with underutilized state-owned refineries and persistent fuel shortages, forcing it to import a significant portion of its gasoline and diesel despite being a major crude exporter.
The addition of 24 new facilities represents a concerted effort to close this gap and capture downstream value.
This national strategy aligns with broader private-sector momentum in the region.