The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, on Tuesday led a high-level management delegation to the Dangote Refinery and Petrochemical Complex for strategic talks aimed at strengthening collaboration between both energy giants.
The visit to the 650,000 barrels-per-day facility in Ibeju-Lekki, Lagos State, included a comprehensive tour of the refinery and closed-door discussions focused on deepening operational and commercial ties. Both parties reaffirmed their shared commitment to advancing Nigeria’s energy security and industrial growth.
Engr. Ojulari commended the President of the Dangote Group, Alhaji Aliko Dangote, for what he described as a visionary and transformative achievement in delivering Africa’s largest single-train refinery.
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He noted that the project positions Nigeria as a major downstream petroleum hub on the continent.
Speaking on the scope of the partnership, Ojulari described the strategic alliance as one that will “unlock synergies across assets, infrastructure, capital, and markets.” He added that the collaboration would also “provide visibility of all NNPC-Dangote business relations,” signaling a more structured and transparent framework for joint operations.
The NNPC chief further highlighted the expansive opportunities embedded in the partnership, revealing that both companies are exploring collaboration beyond refining. According to him, there is significant potential to expand into upstream operations, trading, shipping, and gas supply activities, among other segments of the energy value chain.
Ojulari also expressed appreciation to President Bola Ahmed Tinubu for what he described as visionary leadership in the oil and gas sector. He said the President’s policy clarity, investor-friendly reforms, and commitment to sectoral transformation have sent strong signals to both domestic and international investors, creating an enabling environment for partnerships of this scale to thrive.
On his part, Chairman of the Dangote Group, Alhaji Aliko Dangote, emphasized the direct benefits of the partnership to Nigerians.
“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,” Dangote stated.
The meeting concluded with both organizations reaffirming their commitment to deepening cooperation in pursuit of shared objectives — ensuring energy security, accelerating industrialization, and delivering sustainable value to Nigerians.
NNPC Ltd currently holds a 7.25 percent equity stake in the Dangote Refinery. The investment is regarded as strategic, aligning with NNPC’s downstream growth ambitions and its commitment to strengthening domestic refining capacity.
