The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has led a high-level management delegation to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, reaffirming both organisations’ commitment to deepening strategic collaboration in Nigeria’s oil and gas sector.
The visit, which featured extensive discussions and a facility tour, focused on strengthening operational and commercial ties between NNPC Limited and the refinery.
Both parties emphasized their shared vision of enhancing domestic refining capacity, ensuring energy security, and positioning Nigeria as a leading downstream petroleum hub in Africa.
During the engagement, Engr. Ojulari commended the President of the Dangote Group, Alhaji Aliko Dangote, for his determination and vision in delivering the 650,000 barrels-per-day refinery a landmark project widely regarded as transformative for Nigeria’s energy landscape.
He described the evolving partnership as a strategic alliance capable of unlocking significant value across multiple fronts.
“This collaboration will unlock synergies across assets, infrastructure, capital, and markets, while providing clearer visibility of all NNPC-Dangote business relations,”
He further highlighted opportunities for expanded cooperation in upstream exploration, trading, shipping, and gas supply, noting that the alliance holds vast potential to reshape Nigeria’s petroleum value chain.
Ojulari also expressed appreciation to President Bola Ahmed Tinubu for implementing investor-friendly reforms and policies that have strengthened confidence in Nigeria’s oil and gas sector.
He said the administration’s commitment to sectoral transformation has created an enabling environment for large-scale partnerships.
In his remarks, Alhaji Aliko Dangote underscored the benefits of the collaboration, stating that Nigerians stand to gain significantly from the partnership.
“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,”
The visit concluded with both organisations reaffirming their commitment to sustained cooperation aimed at enhancing energy security, supporting industrial development, and delivering long-term economic value to Nigerians.
NNPC Limited currently holds a 7.25 percent equity stake in the Dangote Refinery, a strategic investment aligned with its downstream growth objectives and broader efforts to strengthen Nigeria’s domestic refining capacity.