The Nigeria National Petroleum Company Limited (NNPC Ltd) and Dangote Group have reaffirmed their commitment to a strategic alliance aimed at enhancing Nigeria’s energy security and economic growth.
The renewed pledge followed a high-level visit by an NNPC Ltd delegation led by Group Chief Executive Bashir Ojulari to the 650,000 barrels-per-day Dangote Refinery — Africa’s largest petroleum refining facility.
Ojulari described the partnership as transformational, noting it would unlock synergies across infrastructure, capital, markets and operations, while strengthening transparency and coordination between Nigeria National Petroleum Company Limited (NNPC Ltd) and Dangote Group. He also highlighted opportunities for expansion into upstream operations, trading, shipping and gas supply.
He commended President Bola Ahmed Tinubu for reforms that have improved policy clarity and bolstered investor confidence in the oil and gas sector.
President of Dangote Group, Aliko Dangote, said the collaboration would deliver economies of scale and create sustainable value for Nigerians.
Nigeria National Petroleum Company Limited (NNPC Ltd) holds a 7.25 percent equity stake in Dangote Refinery, underscoring its commitment to expanding domestic refining capacity. Both Nigeria National Petroleum Company Limited (NNPC Ltd) and Dangote Group reaffirmed plans to deepen cooperation to boost energy security, stimulate industrial growth and enhance long-term economic prosperity.