Aliko Dangote, President/CEO of Dangote Group, met with Bayo Ojulari, Group CEO of NNPC Ltd., on Thursday at the NNPC Towers in Abuja to strengthen ties and promote collaboration between their organizations.
The meeting focused on fostering synergy and healthy competition between Dangote Petroleum Refinery & Petrochemicals and NNPC Ltd., with both leaders reaffirming their commitment to Nigeria’s energy security and economic progress.
It was their first official interaction since Ojulari replaced former GCEO Mele Kyari in April. Tensions had previously flared over the now-resumed naira-for-crude arrangement, which is linked to the recent drop in petrol prices to N915 per litre.
Sources told The PUNCH that NNPC, under Ojulari’s leadership, has resumed crude sales in naira signaling renewed cooperation.
Disputes had also emerged over NNPC’s $1 billion stake in the Dangote Refinery, which the company clarified represents just 5% of the \$20 billion facility.
Dangote praised the new NNPC leadership for its competence and called for deeper collaboration in the energy sector. Ojulari commended Dangote’s industrial impact and shared his vision for NNPC’s future.
Both executives pledged to serve as direct liaisons to ensure continuous partnership and constructive competition for national growth.