Dangote Not Happy With NNPC Proposed Stake Acquisition, Says Kyari.

 

Group Managing Director of the Nigerian National Petroleum Corporation, Melee Kyari, #SAYS African billionaire and business magnate, #Aliko Dangote, does not want to sell shares in his refinery and petrochemical project under construction in the Lekki Free Zone, Lagos, Nigeria.

Kyari, however, said it is important that the NNPC, as the national oil company, guarantee energy security for the country by “having a say in the board of the refinery”.

The NNPC GMD spoke on Tuesday when he featured in Channels Television’s ‘Sunrise Daily’ programme.

According to him, the NNPC will take 20 per cent equity in the Dangote Refinery which has the capacity to produce 650,000 bpd per day.