NNPC, Dangote Deepen Strategic Alliance to Expand Upstream, Trading and Gas Operations

The Nigerian National Petroleum Company Limited (NNPC Ltd) and Dangote Group have reaffirmed their commitment to strengthening strategic collaboration aimed at accelerating Nigeria’s energy security, industrial expansion, and economic growth.
The Group Chief Executive Officer of NNPC Ltd, Engr.

Bashir Bayo Ojulari, led a high-level management delegation on a working visit to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State. The visit included extensive discussions and a guided tour of the 650,000 barrels-per-day refinery — a landmark project widely regarded as a transformative milestone for Nigeria’s downstream petroleum industry.
Engr. Ojulari commended the President of Dangote Group, Alhaji Aliko Dangote, for his resilience, vision, and steadfast commitment in delivering the world-class facility. He noted that the refinery positions Nigeria as a major refining and petrochemical hub in Africa.
Describing the partnership as strategic and forward-looking, Engr. Ojulari said the collaboration would unlock synergies across assets, infrastructure, capital, and markets, while improving transparency and operational visibility in NNPC–Dangote engagements.
He underscored the strong potential for broader cooperation, particularly in upstream operations, crude oil trading, shipping, gas supply, and other key segments of the energy value chain.
The NNPC GCEO also expressed appreciation to President Bola Ahmed Tinubu for his reform-driven leadership in the oil and gas sector, noting that the administration’s policy clarity, investor-friendly initiatives, and commitment to structural reforms have strengthened investor confidence and created an enabling environment for high-impact partnerships.
In his remarks, the Chairman of Dangote Group, Alhaji Aliko Dangote, emphasized that Nigerians would derive significant benefits from the collaboration.
“Our synergy with NNPC Ltd will create economies of scale and unlock value across markets. Ultimately, Nigerians will be the greatest beneficiaries of this partnership,” Dangote stated.
The meeting concluded with both organisations reaffirming their shared commitment to deepening operational and commercial integration in pursuit of national energy security, sustainable industrialisation, and long-term value creation.
NNPC Ltd currently holds a 7.25 percent equity stake in the Dangote Refinery — a strategic investment aligned with the company’s downstream growth objectives and its commitment to boosting Nigeria’s domestic refining capacity.