NNPC Limited and the Dangote Group have reaffirmed their commitment to a deeper strategic partnership to enhance Nigeria’s energy security, expand domestic refining capacity, and unlock new growth opportunities across the oil and gas value chain.
The renewed collaboration followed a high-level visit by the Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, who led a management delegation to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State.
Strengthening a Transformational Partnership
The engagement, which included a guided tour of the 650,000 barrels-per-day refinery, focused on consolidating operational and commercial ties between the two organisations. Both parties pledged to build a more structured and transparent framework for cooperation that aligns with Nigeria’s long-term energy ambitions.
Ojulari praised the President of Dangote Group, Alhaji Aliko Dangote, for his resilience and vision in delivering what is regarded as one of Africa’s largest refining projects. He noted that the refinery significantly enhances Nigeria’s standing as a downstream petroleum hub on the continent.
Describing the partnership as transformational, Ojulari said the alliance would unlock synergies across assets, infrastructure, capital deployment, and market access, while providing greater visibility into joint business engagements between the two entities.
Expanding Across the Value Chain
Beyond refining, NNPC signalled broader collaboration prospects in upstream expansion, crude trading, shipping logistics, and gas supply integration. The envisioned cooperation is expected to optimise resources, improve operational efficiency, and deepen Nigeria’s participation in global energy markets.
Ojulari also acknowledged the role of President Bola Ahmed Tinubu’s policy reforms in creating an enabling investment climate. He said clarity in regulation, investor-focused reforms, and sustained sectoral transformation have reinforced confidence among both domestic and international stakeholders.
Shared Value for Nigerians
Chairman of Dangote Group, Alhaji Aliko Dangote, emphasised that the strengthened alliance would ultimately benefit Nigerians through economies of scale, improved supply stability, and value creation across markets.
He stated that closer integration between NNPC and Dangote Group would support industrial growth, reduce dependence on imported refined products, and improve foreign exchange conservation.
Strategic Investment Alignment
NNPC Limited currently holds a 7.25 per cent equity stake in the Dangote Refinery — a position regarded as a strategic downstream investment aligned with the national oil company’s domestic refining objectives.
The visit concluded with both organisations reaffirming their shared commitment to sustained cooperation, energy sufficiency, and long-term value delivery, signalling a new phase of structured partnership in Nigeria’s evolving energy landscape.