[EDITORIAL] Dangote, NNPC: Building Energy Synergy

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[EDITORIAL] Dangote, NNPC: Building Energy Synergy
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The Federal Executive Council (FEC), at its most recent meeting, approved the proposal by the Nigerian National Petroleum Corporation (NNPC), to acquire a

Also, we applaud this effort at building synergy between the corporation and the private sector players like Dangote which will hopefully, reduce the foreign component of imported finished petroleum products and in turn rub off positively on the pump price of the products.

For the Dangote group, and in the opinion of this newspaper, this deal with NNPC is a bold business move that ought to be commended. Similarly, it is a demonstration of the level of confidence each party has in the other. We are also enamoured by the fact that he has similar understanding with other oil companies outside the shores of Nigeria. What this indicates is that Dangote is determined to sustain the running of the refinery with inputs from experienced corporations that have been in the field for a longer time with ideas to bring on board that will ensure that the refinery operates seamlessly on the basis of international best practices.

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