The Group Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, has led the company’s top management on a strategic visit to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, culminating in a renewed commitment to deepen collaboration between both energy giants.
The high-level engagement, which featured a guided facility tour of the 650,000 barrels-per-day refinery, focused on strengthening operational and commercial ties, with both parties reaffirming a shared vision for Nigeria’s energy transformation.
Ojulari commended President of the Dangote Group, Aliko Dangote, for his resilience and vision in delivering what is regarded as Africa’s largest single-train refinery. He described the partnership as a strategic alliance capable of unlocking synergies across infrastructure, capital deployment, asset utilisation and market access.
This collaboration will unlock synergies across assets, infrastructure, capital and markets. It will also provide visibility of all NNPC-Dangote business relations,” Ojulari said, highlighting opportunities for expansion into upstream operations, trading, shipping and gas supply.
The NNPC boss also expressed appreciation to President Bola Ahmed Tinubu, noting that policy clarity and investor-friendly reforms under his administration have created an enabling environment for large-scale energy partnerships to thrive.
Dangote, in his remarks, said the strengthened partnership would ultimately benefit Nigerians through economies of scale and enhanced value creation across the energy market.
“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,” he stated.
NNPC Limited currently holds a 7.25 percent equity stake in the refinery — a strategic investment aligned with its downstream expansion agenda and commitment to boosting domestic refining capacity.
Both organisations concluded the visit by reaffirming their resolve to advance energy security, industrial growth and long-term value delivery for the nation.
