Alhaji Aliko Dangote, President of Dangote Group, has said his $20 billion refinery is not in competition with the Nigerian National Petroleum Company Limited (NNPC), emphasizing the need for cooperation to ensure Nigeria’s energy security.
Dangote made this statement during a courtesy visit to the new NNPC Group Chief Executive Officer, Bayo Ojulari, in Abuja, according to a release by NNPC spokesperson Olufemi Soneye on Friday. The meeting aimed to strengthen collaboration between both entities and promote healthy competition.
“There is no competition between us; NNPC is part of our business, and we are part of NNPC. This is an era of cooperation,” Dangote stated.
The meeting follows a history of tension between the state oil firm and the privately owned refinery, especially regarding crude oil supply and pricing in naira. Recently, Dangote accused unnamed “cabals”—specifically major oil marketers—of undermining his refinery, clarifying that the new NNPC leadership is not involved.
During the meeting, both parties agreed to deepen collaboration and align on national energy goals. Dangote praised Ojulari’s leadership and the strength of the NNPC team, expressing confidence in their ability to meet the sector’s challenges.
Ojulari, in turn, assured Dangote of a collaborative and commercially beneficial relationship. He commended NNPC’s workforce and affirmed the company’s commitment to national development through innovation and shared value.
Both executives also agreed to serve as direct relationship managers for their organisations to drive long-term cooperation and sustainable progress.
