The Nigerian National Petroleum Company Limited (NNPC Ltd) and Dangote Group have reaffirmed their commitment to deepening strategic collaboration aimed at accelerating Nigeria’s energy security, industrial growth, and economic prosperity.
The Group Chief Executive Officer of NNPC Ltd, Engr. Bashir Bayo Ojulari, led a high-level management delegation on a working visit to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State. The visit featured extensive discussions and a guided tour of the 650,000 barrels per day refinery — a landmark project widely regarded as a transformative milestone for Nigeria’s downstream petroleum sector.
Engr. Ojulari commended the President of Dangote Group, Alhaji Aliko Dangote, for his resilience, vision, and commitment in delivering the world-class facility, noting that the refinery positions Nigeria as a major refining and petrochemical hub in Africa.
Describing the partnership as strategic and forward-looking, Engr. Ojulari stated that the alliance will unlock synergies across assets, infrastructure, capital, and markets, while enhancing transparency and visibility across NNPC–Dangote business engagements.
He highlighted the vast potential for expanded cooperation, particularly in upstream operations, crude trading, shipping, gas supply, and other critical segments of the energy value chain.
The NNPC GCEO also expressed appreciation to President Bola Ahmed Tinubu for his reform-driven leadership in the oil and gas sector. He noted that the administration’s policy clarity, investor-friendly initiatives, and commitment to structural transformation have strengthened investor confidence and created an enabling environment for partnerships of this magnitude to thrive.
In his remarks, the Chairman of Dangote Group, Alhaji Aliko Dangote, emphasized that Nigerians stand to benefit significantly from the collaboration.
“Our synergy with NNPC Ltd will enable economies of scale and unlock value across markets. Ultimately, the greatest beneficiaries of this partnership will be Nigerians,” Dangote stated.
The meeting concluded with both organizations reaffirming their shared commitment to deepening operational and commercial integration in pursuit of national energy security, sustainable industrialization, and long-term value creation.
NNPC Ltd currently holds a 7.25 percent equity stake in the Dangote Refinery — a strategic investment aligned with the company’s downstream growth objectives and its commitment to strengthening Nigeria’s domestic refining capacity.