The NNPC Limited and the Dangote Group have renewed their strategic partnership to strengthen Nigeria’s energy security and accelerate economic growth.
The renewed commitment followed a high-level visit by NNPC’s Group Chief Executive Officer, Bayo Ojulari, and his management team to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State.
The delegation toured the 650,000 barrels-per-day refinery, reinforcing operational and commercial ties between both energy giants.
Ojulari praised the President of the Dangote Group, Aliko Dangote, for his vision and resilience in delivering what he described as a landmark industrial project.
He said the refinery positions Nigeria as a major downstream hub in Africa and opens new frontiers for collaboration.
Describing the alliance as strategic and forward-looking, Ojulari said it would unlock synergies across assets, infrastructure, capital and markets, while promoting greater transparency in business dealings.
He noted that “significant opportunities exist for expansion into upstream operations, trading, shipping and gas supply,” signalling broader integration across the oil and gas value chain.
Ojulari also commended President Bola Ahmed Tinubu for policy clarity and investor-friendly reforms in the sector, saying the measures have boosted investor confidence and created a conducive environment for large-scale investments.
In his remarks, Dangote said the strengthened collaboration would drive economies of scale and unlock value across markets.
According to him, Nigerians would ultimately benefit from improved refining capacity and energy stability.
NNPC Limited currently holds a 7.25 per cent equity stake in the Dangote Refinery, a strategic investment aligned with its downstream expansion goals and commitment to boosting domestic refining capacity.
