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NNPC’s stake in Dangote refinery secures national interest – Reps

Naija News • 2d ago
NNPC’s stake in Dangote refinery secures national interest – Reps
The House of Representatives has said that the 7.25 per cent equity stake held by the Nigerian National Petroleum Company Limited in the Dangote Petroleum Refinery & Petrochemicals secures national interest and embeds public accountability in one of Africa’s largest industrial projects. Speaking with journalists in Abuja on Friday, the Deputy Spokesman of the House, Philip Agbese, described the partnership between NNPC and the Dangote refinery as a defining moment in the country’s energy sector reforms, noting that it reflects a deliberate shift from state-only control to structured public-private collaboration. “When the national oil company retains a 7.25 per cent stake in a strategic asset of this magnitude, it ensures that national interest is embedded in its success. “For decades, ...
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