How FG invested in the establishment of Dangote Refinery - NNPCL The Nigerian National Petroleum Company Limited (NNPCL) has revealed that it secured a $1bn loan backed by crude oil to support the establishment of the 650,000 barrels per day Dangote Petroleum Refinery. This statement comes after the Chairman of the Dangote Group, Aliko Dangote, claimed that the refinery was built without any incentives from the federal government. Dangote asserted this while speaking at the 2024 Crude Oil Refinery-owners Association of Nigeria (CORAN) summit, held in Lagos in October. “We built the Dangote...