“NNPC AND DANGOTE JOIN FORCES: A GAME-CHANGER FOR NIGERIA’S ENERGY FUTURE “
GREATRIBUNETVNEWS–NNPC Ltd and Dangote Group have forged a strategic alliance to accelerate Nigeria’s energy security and prosperity.
The alliance was part of the decision reached between both parties when the Chief Executive Officer of NNPC Limited, Engr. Bashir Bayo Ojulari, on Friday led a delegation of the company’s management to the Dangote Refinery and Petrochemical Complex in Ibeju-Lekki, Lagos State, for high-level discussions that culminated in a renewed commitment to strategic collaboration between the two companies.
Key Issues:
– _”unlock synergies across assets, infrastructure, capital, and markets. It will also provide visibility of all NNPC-Dangote business relations.”_ – Engr. Bashir Bayo Ojulari, NNPC Ltd CEO
Expanded Opportunities : Huge potential for both companies to expand upstream, trading, shipping, and gas supplies.
– _”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.”_ – Alhaji Aliko Dangote, Dangote Group Chairman
– Energy Security : Partnership aims to strengthen Nigeria’s energy security and drive industrial growth.
– _”The President’s policy clarity, investor-friendly reforms, and commitment to sectoral transformation have signalled seriousness to both domestic and international investors.”_ – Engr. Bashir Bayo Ojulari
According to the Chairman of Dangote Group, Alhaji Aliko Dangote, “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.”
The visit concluded with both parties reaffirming their commitment to deepening cooperation in pursuit of shared objectives, ensuring energy security, driving industrial growth, and delivering value to Nigerians.
NNPC Ltd currently holds a 7.25 per cent stake in the Dangote Refinery. The shareholding is considered to be a strategic investment that aligns with NNPC Ltd’s downstream growth objectives and commitment to domestic refining capacity.
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