NNPC Ltd, Dangote Group Forge Strategic Alliance to Accelerate Nigeria’s Energy Security, Prosperity
By Naija Enquirer Staff
The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, led a delegation of the company’s management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for high-level discussions that culminated in a renewed commitment to strategic collaboration between the two organisations.
The visit, which included a guided tour of the 650,000 barrels per day facility, focused on strengthening operational and commercial ties, with both parties reaffirming their shared vision for Nigeria’s energy future.
Strengthening Strategic Synergies
Engr. Ojulari commended the President of the Dangote Group, Alhaji Aliko Dangote, for his vision and perseverance in delivering what is regarded as Africa’s largest refinery project. He noted that the facility positions Nigeria as a major downstream hub on the continent.
Describing the collaboration as transformative, Ojulari stated that the alliance would “unlock synergies across assets, infrastructure, capital, and markets,” while also providing greater transparency and visibility in business relations between NNPC Limited and Dangote Group.
He further highlighted opportunities for expansion into upstream operations, trading, shipping, and gas supply, underscoring the expansive potential of the partnership.
Presidential Backing and Investor Confidence
The NNPC GCEO expressed appreciation to President Bola Ahmed Tinubu for what he described as visionary leadership in the oil and gas sector. According to him, the administration’s investor-friendly reforms and policy clarity have created an enabling environment for strategic partnerships of this magnitude to thrive.
Chairman of Dangote Group, Alhaji Aliko Dangote, stated that Nigerians would ultimately benefit from the collaboration through economies of scale and enhanced value creation across markets.
Boosting Domestic Refining Capacity
NNPC Limited currently holds a 7.25 percent equity stake in the Dangote Refinery, a strategic investment aligned with its downstream growth objectives and commitment to strengthening domestic refining capacity.
Both organisations reaffirmed their commitment to deepening cooperation in pursuit of shared goals, including energy security, industrial growth, and sustainable economic prosperity for Nigerians.
