NNPCL’s 7.25% stake in Dangote Refinery serves national interest — Agbese

The lawman spokesperson of the House of Representatives, Philip Agbese, has defended the Nigerian National Petroleum Company Limited’s 7.25 percent equity successful the Dangote Refinery, describing it arsenic a strategical determination aimed astatine protecting Nigeria’s nationalist interest.

Agbese spoke successful a connection issued connected Friday, amid increasing disapproval trailing President Bola Tinubu’s caller Executive Order directing the nonstop remittance of lipid revenues to the Federation Account—a determination that has reportedly reduced immoderate of the state-owned lipid firm’s gross streams.

The Executive Order has generated statement crossed Nigeria’s lipid and state sector.

Despite the controversy, the Group Chief Executive Officer of Nigerian National Petroleum Company Limited, NNPCL, precocious led a delegation to the 650,000-barrel-per-day Dangote Refinery arsenic portion of efforts to deepen collaboration with the backstage sector.

Reacting to the development, Agbese stressed that the concern betwixt NNPCL and the refinery would importantly heighten Nigeria’s vigor information and concern growth.

“This volition fortify vigor information and reconstruct assurance successful Nigeria’s concern capability.

“When the nationalist lipid institution retains a 7.25 percent involvement successful a strategical plus of this magnitude, it ensures that nationalist involvement is em...