NNPC Ltd, Dangote Group Renew Strategic Alliance to Boost Energy Security

The NNPC Limited and the Dangote Group have reaffirmed their commitment to deepening strategic collaboration aimed at strengthening Nigeria’s energy security and driving economic growth.

The renewed partnership followed a high-level visit by NNPC’s Group Chief Executive Officer, Bayo Ojulari, and members of the company’s management team to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State.

The engagement, which featured a tour of the 650,000 barrels-per-day refinery facility, focused on expanding operational and commercial ties between the two energy giants.Ojulari commended the President of the Dangote Group, Aliko Dangote, for his vision and resilience in delivering the landmark refinery project.

He described the development as a transformative step toward positioning Nigeria as a leading downstream hub in Africa.

He noted that the strengthened alliance would unlock synergies across assets, infrastructure, capital and markets, while promoting greater transparency in business relations between the organisations.

According to Ojulari, “Significant opportunities exist for expansion into upstream operations, trading, shipping and gas supply.”

He also expressed appreciation to Bola Ahmed Tinubu for policy clarity and investor-friendly reforms in the oil and gas sector, saying the measures have boosted investor confidence and created an enabling environment for large-scale partnerships.

In his remarks, Dangote said the collaboration would deliver economies of scale and unlock value across markets, adding that Nigerians would ultimately benefit from the strengthened partnership.

NNPC Limited currently holds a 7.25 per cent equity stake in the Dangote Refinery, a strategic investment aligned with its downstream growth objectives and commitment to expanding domestic refining capacity.