Nigeria TV Info 

Dangote Rejects NNPC Offer to Increase Stake in Refinery Amid Ownership Dispute Concerns.

The Dangote Group has reportedly turned down an offer from the Nigerian National Petroleum Company Limited (NNPC) to increase its equity stake in the Dangote Refinery, citing strategic control concerns and long-term operational independence.

According to industry insiders, the proposal from NNPC was part of ongoing discussions aimed at strengthening government participation in Nigeria’s largest private refinery project, located in the Lekki Free Zone, Lagos. However, sources close to the matter say Dangote Group is unwilling to dilute its controlling interest at this stage of operations.

The Dangote Refinery, which is gradually ramping up production capacity, is seen as a critical asset in reducing Nigeria’s dependence on imported refined petroleum products. Analysts believe the rejection may signal tensions between private sector-led industrialization efforts and government participation in strategic energy infrastructure.

Energy experts note that while collaboration between both parties remains important for national energy security, ownership structure disagreements could influence future investment decisions and downstream petroleum policy direction.

The NNPC has not issued an official response at the time of filing this report.