Addressing Presidents William Ruto and Yoweri Museveni, Dangote said the refinery project would depend on strong government backing and policy consistency. I thank H.E. William Ruto and the Africa Finance Corporation (AFC) for organising the Africa We Build Summit.
I am glad that the AFC are speaking my language, the language of revolution. Africa’s GDP is only about $3.6 trillion despite our vast land and population. Countries… pic.twitter.com/xAX5sE2f8j — Yoweri K Museveni (@KagutaMuseveni) April 23, 2026 “That’s why, as a group, we have now launched an initiative where, between now and 2030, we’re investing $40 billion in various fields,” he said “Even now, I can give a commitment to the two presidents who are here that if they support the refinery, we will build an identical one to what we have in Nigeria—650,000 barrels.” He emphasised that the proposal is still at an early stage but expressed confidence in its feasibility.
When asked about the feasibility of the project, the industrialist said it will “definitely” work, adding that “There’s nothing that can stop it.” READ ALSO: Africa Faces 86mn Tonne Fuel Shortfall By 2040 — Report Dangote used the platform to argue that Africa must move away from its long-standing dependence on imports and instead build domestic industrial capacity.