Dangote Meets Canadian PM Carney Amid Shared Oil Interests

Nigeria's Aliko Dangote met with Canadian Prime Minister Mark Carney on August 5, 2026, in Ottawa. The two countries have similarities as major oil and natural gas producers. Canada produces 5.3 million barrels of crude oil per day and is the fourth-largest oil producer worldwide, while Nigeria produces 1.5 million barrels of oil per day.

The economies of both countries rely heavily on oil and gas production. They benefit from high prices but suffer when prices decline, as seen during the COVID-19 pandemic. The Dangote Petroleum Refinery processes approximately 650,000 barrels of crude oil per day and aims to increase its capacity further.

Dangote also founded Dangote Cement, Africa's largest cement producer. His net worth is estimated at $31.1 billion by Forbes magazine. In a statement after the meeting, Dangote emphasized the opportunities for investment and trade in Africa while highlighting Canada as an attractive destination for long-term capital.

According to Sofia Ouslis, Prime Minister Carney's press secretary, they discussed philanthropic efforts, Canadian energy opportunities, and their shared commitment to accessible healthcare, education, and relief aid.