The Nigerian National Petroleum Company Limited, NNPC Ltd. and the Dangote Group have forged a renewed strategic alliance aimed at accelerating energy security, deepening domestic refining capacity, and driving long-term economic prosperity.
In a significant move to reshape Nigeria’s energy landscape, the two companies renewed the alliance on Saturday.
The deal was reached when Bashir Ojulari, Group Chief Executive Officer of NNPC Ltd., led the company’s delegation to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State.
The visit, which included high-level discussions and a facility tour, culminated in a renewed commitment to strategic collaboration, focusing on strengthening operational and commercial relations between NNPC Ltd. 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.
Speaking on the breadth of the partnership, Ojulari described the strategic alliance as one that will “unlock synergies across assets, infrastructure, capital, and markets. It will also provide visibility of all NNPC-Dangote business relations.”
He further highlighted the expansive potential of the collaboration, noting opportunities for both companies to expand upstream and into trading, shipping, gas supplies, and other areas.
Ojulari also expressed profound appreciation to President Bola Tinubu for his visionary leadership in the oil and gas sector, stating that the president’s policy clarity, investor-friendly reforms, and commitment to sectoral transformation have signaled seriousness to both domestic and international investors, creating an enabling environment for partnerships of this scale to flourish.
According to Dangote, Nigerians will benefit from the synergy between the Dangote Group and NNPC Ltd., as the collaboration is expected to achieve economies of scale and unlock value across markets.
The visit concluded with both parties reaffirming their commitment to deepening cooperation in pursuit of shared objectives, ensuring energy security, driving industrial growth, and delivering value to Nigerians.
NNPC Ltd. currently holds a 7.25 per cent stake in the Dangote Refinery, a strategic investment that aligns with the company’s downstream growth objectives and commitment to expanding domestic refining capacity.