The Nigerian National Petroleum Company Limited, NNPC Ltd. and the Dangote Group have forged a modernized strategic alliance aimed at accelerating energy security, deepen collaboration, strengthening domestic refining capacity, and driving long-term economic fortune.
In a magnificent move to reform Nigeria’s energy landscape, the two companies renewed the alliance on Saturday.
The arrangement was concluded 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 included high-level discussions ,facility tour, culminated in a restored 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, praised the President of the Dangote Group, Alhaji Aliko Dangote, for his vision and tenacity 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 business, 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.”
However ,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 expressed deep 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 ended 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. presently own 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 strength .
