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We’re not in competition with NNPC — Dangote

The President of the Dangote Group, Alhaji Aliko Dangote, has insisted that his refinery is not competing with the Nigerian National Petroleum Company Limited (NNPCL).

In a statement released by the NNPC spokesperson, Olufemi Soneye, on Friday, Dangote stated this yesterday when he visited the new Group Chief Executive Officer of the NNPC, Bayo Ojulari, in Abuja.

The visit, Soneye said, was part of ongoing efforts to promote mutually beneficial partnerships and foster healthy competition between the NNPC and the Dangote refinery.

It could be recalled that there seemed to be an unhealthy rivalry between the state-owned energy company and the $20bn refinery until recently, especially with the supply of crude oil in naira.

Dangote recently alleged that some cabals were still fighting against his refinery, though he clarified that the cabals were the major marketers and not the new NNPC board.

Speaking at the meeting yesterday, Dangote pledged to collaborate with the new NNPC management to ensure energy security for Nigeria.

“There is no competition between us; we are not here to compete with NNPC Ltd. NNPC is part and parcel of our business, and we are also part of NNPC. This is an era of cooperation between the two organisations.” Dangote added.

The two firms agreed to deepen collaboration aimed at ensuring Nigeria’s energy security and advancing shared prosperity for Nigerians.

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Raymond Ben

Raymond Ben is a tech enthusiast and business analyst who covers the latest in technology, startups, and the Nigerian economy. His analytical approach makes complex topics accessible to readers.