Dangote Petroleum Refinery and Nigerian National Petroleum Company Limited have agreed to deepen collaboration in a renewed push to strengthen Nigeria’s energy security and industrial self-sufficiency.
The commitment followed a high-level visit by NNPC Ltd.’s leadership to the Dangote Refinery and Petrochemicals complex in Ibeju-Lekki, where both sides pledged to move beyond past challenges and focus on operational efficiency and long-term value creation.
President of Dangote Group, Aliko Dangote, described the partnership as central to the refinery’s founding vision and key to driving Africa’s industrial transformation. He commended NNPC’s new leadership for its proactive stance, expressing optimism that the collaboration could reshape the continental energy market.
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Dangote noted that NNPC Ltd. holds a 7.25 per cent equity stake in the refinery on behalf of Nigerians, stressing that deeper integration within the existing industrial complex would deliver greater national value than duplicating assets. He also revealed expansion plans, including a 400,000 metric tonne Linear Alkyl Benzene (LAB) facility projected to exceed Africa’s current production capacity. According to him, scaling petrochemicals alongside fuel refining will enhance foreign exchange earnings and deepen local value addition.
On his part, NNPC Ltd.’s Group Chief Executive Officer, Bashir Bayo Ojulari, pledged a new era of transparency and results-driven collaboration. He said the company is repositioning to identify practical joint opportunities and consolidate proposals into a structured working framework.
Ojulari lauded the refinery’s performance, disclosing that the plant was operating at 661,000 barrels per day during the visit, surpassing its 650,000 barrels-per-day nameplate capacity. He described the facility as a source of national pride and evidence of Nigeria’s capacity to deploy world-class technology at scale.
Both organisations agreed to prioritise key areas of cooperation in the coming weeks, signalling a strategic alliance aimed at redefining Nigeria’s energy landscape and accelerating industrial growth across Africa.
