The Nigerian National Petroleum Company Limited and the Dangote Group have agreed to deepen their strategic partnership aimed at strengthening Nigeria energy security and supporting long term economic growth.
The renewed collaboration followed a working visit by the Group Chief Executive Officer of NNPC Ltd to the Dangote Refinery and Petrochemical Complex located in Ibeju Lekki, Lagos State. The engagement brought together senior executives from both organisations to review ongoing commercial arrangements and identify new areas of cooperation across the energy value chain.
During the visit, NNPC Ltd commended the scale and strategic importance of the refinery, describing it as a transformative asset for Nigeria and the wider African region. The facility, developed by the Dangote Group, has a processing capacity of 650000 barrels of crude oil per day and is expected to significantly reduce Nigeria dependence on imported petroleum products.
The NNPC leadership noted that closer collaboration with the private sector is essential for unlocking value in Nigeria oil and gas industry. The company stated that the alliance with the Dangote Group provides opportunities to combine infrastructure, capital, technical expertise and market access in ways that strengthen supply reliability and improve sector efficiency. Areas identified for expanded cooperation include crude oil supply, refining, trading, logistics, shipping and gas development.
Founder and President of the Dangote Group, Aliko Dangote, reaffirmed the company commitment to working with NNPC Ltd to support national energy objectives. He described the partnership as critical to ensuring stable fuel supply, promoting industrial growth and delivering long term value to Nigerians.
NNPC Ltd currently holds an equity stake in the Dangote Refinery, a position that aligns with its strategy to expand domestic refining capacity and enhance energy self sufficiency. Both parties expressed confidence that ongoing sector reforms and improved governance frameworks will further strengthen investor confidence and enable sustainable collaboration.
The two organisations concluded the engagement by restating their shared goal of advancing Nigeria energy security, accelerating industrial development and positioning the country as a leading energy hub on the African continent.
