By Obiabin Onukwugha
The Nigerian National Petroleum Company Limited, NNPCL, and the Dangote Group have reaffirmed their commitment to deepening cooperation in pursuit of shared objectives, ensuring energy security, driving industrial growth and delivering value to Nigerians.
Group Chief Executive Officer of NNPC Limited, Engr. Bashir Ojulari, and Chairman of Dangote Group, Alhaji Aliko Dangote, made the commitment when Ojulari led a delegation of NNPCL management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, on Saturday.
The visit provided opportunity
for high-level discussions that culminated in a renewed commitment to strategic collaboration between the two companies.
A statement by NNPCL Chief Corporate Communications Officer, Andy Odeh, said the visit, which included a facility tour, focused on strengthening operational and commercial relationship between NNPC Limited and the Dangote Refinery, with both organisations reaffirming their shared vision for Nigeria’s energy future.
During the visit, Engr. 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.
Ojulari described the strategic alliance as one that will “unlock synergies across assets, infrastructure, capital, and markets. It will also provide visibility of all NNPCDangote 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 Chief Executive appreciated 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.
Chairman of Dangote Group, Alhaji Aliko Dangote, on his part noted that “Nigerians will be the beneficiaries of the synergy between Dangote Group and NNPC Ltd, because our collaboration will achieve economies of scale and unlock value across markets.”
According to the statement, NNPCL currently holds a 7.25 percent stake in the Dangote Refinery. The shareholding is considered to be a strategic investment that aligns with NNPC Ltd’s downstream growth objectives and commitment to domestic refining capacity.
