Abuja: The Nigerian National Petroleum Company Limited (NNPC Ltd.) and the Dangote Group have reaffirmed their strategic partnership to boost energy security, expand domestic refining capacity, and drive sustainable economic growth.
In a significant move to reshape Nigeria’s energy landscape, the two companies renewed their alliance on Saturday.
This epochal deal was reached when Mr Bashir Ojulari, Group Chief Executive Officer, NNPC Ltd., led the NNPC’s delegation to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State.
The visit included high-level discussions that strengthened the strategic partnership between the two companies.
The visit, which included a facility tour, focused on strengthening operational and commercial relationships between NNPC Limited and the Dangote Refinery, with both organisations reaffirming their shared vision for Nigeria’s energy future.
Ojulari, in a statement, commended the President of the Dangote Group, Alhaji Aliko Dangote, for his vision and perseverance in delivering the 650,000 barrels per day refinery, a project that positions Nigeria as a major downstream hub in Africa.
Discussing the partnership, Ojulari called the alliance a catalyst for unlocking synergies across assets, infrastructure, capital, and markets.
He added that the alliance would increase visibility into NNPC-Dangote business relations.
He further revealed the collaboration’s expansive potential, noting that there is a significant opportunity for both companies to expand upstream and into trading, shipping, and gas supplies, among other areas.
Ojulari expressed profound appreciation to President Bola Tinubu for his visionary leadership in the oil and gas sector.
He said the president’s clear policies, investor-friendly reforms, and commitment to sectoral transformation have demonstrated the government’s seriousness to both domestic and international investors, creating an environment where large-scale partnerships can thrive.
Dangote Group Chairman Alhaji Aliko Dangote said the partnership will benefit Nigerians by achieving economies of scale and unlocking value.
The visit concluded with both parties reaffirming their commitment to deepening cooperation to pursue shared objectives, ensure energy security, drive industrial growth, and deliver value to Nigerians.
NNPC Ltd. holds a 7.25 per cent stake in the Dangote Refinery.
The shareholding is considered a strategic investment that aligns with NNPC Ltd’s downstream growth objectives and its commitment to domestic refining capacity.
