LCCI supports NNPC’s plan to acquire stakes in Dangote Refinery

The Lagos Chamber of Commerce and Industry (LCCI) has backed the proposal by the Nigerian National Petroleum Corporation (NNPC) to acquire 20 per cent stake in the Dangote refinery.

The Director-General, LCCI, Mr Muda Yusuf, in a statement issued on Thursday in Lagos said the move was a step in the right direction.

NNPC had expressed interest in purchasing a 20 per cent minority equity stake in the 650,000BPD Dangote refinery.

The NNPC Chief Operating Officer, Refining and Petrochemicals, Mr Mustapha Yakubu, made the announcement at the just-concluded Nigeria Oil and Gas Opportunity Fair.

Yakubu said discussions were already going on with the Dangote Group for the acquisition of the stake which would further ensure undisrupted product supply to Nigerians…TO CONTINUE READING CLICK ON

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