NNPC, Dangote Cement Partnership to Deepen Energy Security, Boost Economic Growth
The Nigerian National Petroleum Company Limited and Dangote Group have reaffirmed their commitment to a strategic partnership aimed at strengthening Nigeria’s energy security and driving economic prosperity.
This renewed alliance was cemented during a high-level visit by the Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Ojulari, and his management team to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos.
The visit featured a tour of the massive facility and discussions focused on expanding operational and commercial ties between both organisations. The two companies emphasized a shared vision to reposition Nigeria’s energy sector through collaboration and investment.
Ojulari praised the President of Dangote Group, Aliko Dangote, for successfully delivering the 650,000 barrels-per-day refinery, describing it as a transformative project that enhances Nigeria’s status as a leading downstream hub in Africa.
He explained that the strengthened partnership would unlock synergies across infrastructure, capital, and markets, while also providing greater transparency in business engagements between both entities.
According to him, the collaboration presents opportunities to expand into upstream operations, as well as trading, shipping, and gas supply, thereby broadening the scope of cooperation.
Ojulari also acknowledged the role of President Bola Ahmed Tinubu, noting that ongoing reforms and investor-friendly policies have created an enabling environment for large-scale partnerships in the oil and gas sector.
In his remarks, Dangote said the collaboration would deliver direct benefits to Nigerians through improved efficiency and economies of scale, adding that the partnership would unlock value across multiple segments of the energy market.
Both organisations reiterated their commitment to deepening cooperation to achieve long-term goals of energy security, industrial growth, and sustainable value creation.
NNPC Ltd currently holds a 7.25 percent stake in the Dangote Refinery, a strategic investment aligned with its objective of boosting domestic refining capacity and reducing reliance on fuel imports.
