The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has described the Dangote Petroleum Refinery as a vital stabiliser of Nigeria’s energy system, particularly as state-owned refineries continue to struggle with operational challenges.
Ojulari made the remarks during a fireside chat titled “Securing Nigeria’s Energy Future” at the Nigeria International Energy Summit 2026 in Abuja. He stated that the operational 650,000 barrels-per-day Dangote Refinery has provided Nigeria with critical “breathing space” in maintaining fuel supply continuity.
“Thank God for Dangote Refinery. Whether you love him or hate him, Nigerians should thank God for Dangote,” Ojulari said, drawing applause from the audience. He emphasised that beyond its refining capacity, the refinery’s local ownership strengthens national energy security. According to him, having a functional refinery built and operated by a Nigerian is strategically significant for the country.
While acknowledging that the refinery does not yet meet Nigeria’s total domestic fuel demand, Ojulari said it has significantly reduced supply chain vulnerabilities. He also noted that NNPC holds a stake in the facility, further aligning national interests with its success.
Ojulari’s comments reflect a marked shift from previous tensions between NNPC and the Dangote Group. In earlier years, disputes arose over crude supply arrangements, regulatory approvals, pricing structures, and concerns about market dominance. However, the current NNPC leadership has adopted a more collaborative and pragmatic approach.
He disclosed that NNPC has engaged directly with Alhaji Aliko Dangote to establish a cooperation framework consistent with the Petroleum Industry Act. According to Ojulari, the strategy is to maximise value for Nigerians through partnership while maintaining NNPC’s institutional responsibilities.
The remarks signal a new phase of alignment between public and private refining interests aimed at strengthening Nigeria’s energy security and domestic fuel supply stability.
