Nigeria’s two most powerful energy players have joined forces in a sweeping strategic alliance aimed at reshaping the country’s oil and gas sector from the ground up.
NNPC Limited’s Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, led a top-level management delegation to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos, where both organisations emerged from high-level talks with a reinforced commitment to deep, wide-ranging collaboration.
The visit, which included a hands-on tour of the 650,000-barrel-per-day facility, went beyond a routine check-in. Both parties came away having mapped out a vision for cooperation that stretches well beyond refining — into upstream operations, trading, shipping, and gas supply, among other frontiers.
Engr. Ojulari described the partnership in sweeping terms, saying it would “unlock synergies across assets, infrastructure, capital, and markets,” while also bringing full transparency to all existing NNPC-Dangote business dealings. He used the occasion to praise Dangote Group President Alhaji Aliko Dangote for the grit and foresight it took to bring the continent’s largest single-train refinery to life — a project that has firmly planted Nigeria on Africa’s downstream energy map.
Dangote himself made clear who he believes stands to gain most from the alliance. Nigerians, he said, will be the direct beneficiaries as the two giants combine scale, infrastructure, and market reach to drive down costs and unlock value across the energy chain.
Ojulari also credited President Bola Tinubu’s policy reforms and investor-friendly approach with creating the conditions that make partnerships of this magnitude possible.
NNPC Ltd currently holds a 7.25 percent stake in the Dangote Refinery — a strategic foothold that signals the state oil company’s serious intent in domestic refining — and both sides left the table pledging to build on that foundation toward long-term energy security and industrial growth for Nigeria.
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