The Nigerian National Petroleum Company Limited (NNPCL) has revealed that the federal government through the company took a loan of $1 billion to support the Dangote refinery project when it encountered some financial difficulties.
The Nigeria n National Petroleum Company Limited has revealed that the federal government through the company took a loan of $1 billion to support the Dangote refinery project when it encountered some financial difficulties.
Highlighting the achievements of the apex national oil company under the leadership of Mallam Mele Kyari, Sonoye said:"Permit me to digress a bit! He said,"The restart of the Port Harcourt Refinery marks a significant turning point in Nigeria's quest for energy self-sufficiency, reaffirming the company's commitment to revitalizing the nation's refining capacity.
"A strategic decision to secure a $1bn loan backed by NNPC's crude was instrumental in supporting the Dangote Refinery during liquidity challenges, paving the way for the establishment of Nigeria's first private refinery. This initiative underscores NNPC's dedication to fostering public-private partnerships that drive national development.
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