This paper presents optimization of Steam Boiler Airflow Control System in a Typical Oil Refinery Power Plant. The power plant is equipped with four steam boilers using a damper-louvers airflow control system. Analysis has revealed significant energy wastage due to inefficiency and over-air supply, with the system requiring 59,904,436 kWh annually at a financial cost of N1, 093,255,884. The existing system's inefficiency results in an annual electrical energy waste of 8,502,302 kWh. This inefficiency is attributed to the Force Draft Fan (FDF) motor operating at maximum speed continuously, regardless of the steam profile or airflow requirements. This study aimed at optimizing the steam boiler airflow control system in a typical oil refinery power plant for improved power efficiency, energy conservation, and cost savings citing Port Harcourt Refinery Company (PHRC) at Alesa-Eleme, Rivers State, Nigeria. To address this, the damper-louvers system was replaced with a Variable Frequency Drive (VFD), which would adjust the motor speed to match the required airflow, thereby reducing energy wastage. The process was simulated and VFD/FDF motor analyzed in MATLAB Simulink, determining the optimal speed, airflow, and power requirements. Results obtained show that the VFD control system improves the FDF motor's power efficiency from 47.7% to 85%, with an annual energy saving of 8,502,302 kWh (8.5 GWh). This results in a total cost benefit of N478.18 million annually, representing a 43.8% cost saving. The implementation cost of the VFD infrastructure was estimated at N111, 440,000, with a payback period of approximately eleven months. The findings suggest deployment of higher FDF motor speed ratings to enhance speed control and energy efficiency in Oil refinery power plant.