Nigerian National Petroleum Company Limited (NNPCL) has forged a strategic alliance with Dangote Group to accelerate the energy security and prosperity of the country.
The alliance between the two companies followed a visit, on Saturday, by the NNPCL Management, led by its Group Chief Executive Officer, Engineer Bashir Bayo Ojulari, to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State.
As stated in a release by the NNPC Chief Corporate Communications Officer, Andy Odeh, the high-level discussions during the visit culminated in a renewed commitment to strategic collaboration between the two companies.
The visit, which included a facility tour, focused on strengthening operational and commercial relationship between NNPCL and the Dangote Refinery, with both organisations reaffirming their shared vision for Nigeria’s energy future.
Ojulari 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 partnership, Engr. Ojulari described the strategic alliance as one that will “unlock synergies across assets, infrastructure, capital, and markets. It will also provide visibility for all NNPCL-Dangote business relations.”
He further revealed the expansive potential of the collaboration, noting that there is huge opportunity for both companies to expand upstream, and move into trading, shipping, gas supplies, among other fronts.
The NNPCL GCEO expressed appreciation to President Bola Tinubu for his visionary leadership in the oil and gas sector.
He noted that the president’s policy clarity, investor-friendly reforms, and commitment to sectoral transformation have signalled seriousness to both domestic and international investors, creating an enabling environment for partnerships of this scale to flourish.
Also speaking, the Chairman of Dangote Group, Alhaji Dangote, said “Nigerians will be the beneficiaries of the synergy between Dangote Group and NNPCL, because our collaboration will achieve economies of scale and unlock value across markets.”
The visit was 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.
NNPCL currently holds a 7.25 percent stake in the Dangote Refinery. The shareholding is considered to be a strategic investment that aligns with NNPCL’s downstream growth objectives and commitment to domestic refining capacity.
