The Nigerian National Petroleum Company Limited (NNPC) has signed a new two-year crude oil supply deal with the Dangote Petroleum Refinery. The agreement is expected to guarantee steady crude supply to the $20bn refinery in Lekki, Lagos, ensuring that its operations remain uninterrupted. This move comes as part of efforts to strengthen Nigeria’s oil refining capacity and reduce the country’s reliance on fuel imports.

Under the new deal, NNPC will continue to provide crude to the refinery, while Dangote’s facility refines it into petrol, diesel, and other products for local use and export. Industry experts believe this agreement will help stabilise fuel supply across the country, boost foreign exchange earnings, and create more jobs in the oil and gas sector.

The partnership between NNPC and Dangote is seen as a crucial step in addressing Nigeria’s long-standing challenges with fuel shortages and import dependency. With the deal in place, both parties have assured Nigerians of better energy security, improved availability of petroleum products, and a stronger local refining industry.