Africa’s largest oil refiner, Dangote Oil Refinery, has been invited to come source crude from within its country to boost production.
Authorities from Niger, one of the country’s northern states, have invited the Dangote Refinery, alongside other private investors, to look into the exploration of an oil basin called the Bida Basin.
During a fireside session on Dangote Special Day at the Niger National Trade Fair in Minna, Aminu Takuma, the Commissioner for Trade, Investment, Industry, and Private Sector Development, disclosed that Niger State is engaging with private sector entities through a "One-Stop-Shop" investment model to facilitate the development of its crude oil resources.
A statement issued by the Dangote Group on Sunday indicates that the state government intends to maintain a minimal equity stake in the venture, utilizing a Joint Venture–Public Private Partnership framework.
Furthermore, as seen in the Punch newspaper, the Commissioner lauded the Dangote Group for its significant industrialization initiatives and the establishment of the world's largest single-train refinery.
