Why NNPC is seeking equity participation in Dangote Refinery, others- Official

The Nigerian National Petroleum Corporation (NNPC) has explained that the government firm in engaging in equity participation in some private refineries.
The corporation noted that the move is on  in line with a Federal Government’s policy directive which states the mandatory participation of the corporation in any private refinery that exceeds 50,000 barrels per day
It was learnt that the  Corporation has identified about six refinery projects in which it intends to seek equity participation, in which Dangote Refinery is the largest of them.
Speaking, in a statement, thecorporation’s spokesperson, Dr. Kennie Obateru, explained that NNPC has a dual role of providing stewardship for the hydrocarbon resources and adding value to the resources
He added that these roles enable it to achieve the two missions of providing energy security for the country and stimulating the nation’s economic development and growth.
He said NNPC’s aim is to ensure energy security and stimulate economic growth with limited resources requires

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