NNPC Ltd, Dangote Group commit to deepening cooperation to ensure energy security, driving industrial growth

By Onu Okorie 

The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo 
Ojulari and President of the Dangote Group, Alhaji Aliko Dangote have made commitment to deepening cooperation in pursuit of shared objectives, ensuring energy security, driving industrial growth and delivering value to Nigerians. The agreement was made when Engr.

Ojulari led a delegation of the company’s management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for high-level discussions that 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 NNPC Limited and the Dangote Refinery, with both organisations reaffirming their shared vision for Nigeria’s energy future.

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.

Speaking on the breadth of 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 of all NNPC-

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.

Engr. Ojulari expressed profound appreciation to President Bola Ahmed 

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.

According to the Chairman of Dangote Group, Alhaji Aliko Dangote, “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 shareholding is considered to be a strategic investment that aligns with 

NNPC Ltd’s downstream growth objectives and commitment to domestic

refining capacity. The NNPC limited currently holds a 7.25 percent stake in the Dangote Refinery.