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The Nigerian National Petroleum Corporation (NNPC) has fallen short of its ambitious plan to acquire a 20% stake in Dangote Refinery. Aliko Dangote, CEO of Dangote Refineries, revealed that despite NNPC's efforts to raise $2.76 billion in 2021, they managed to borrow only $1.3 billion, resulting in a mere 7.2% stake acquisition by the June deadline. This setback jeopardises Nigeria's strategy to collaborate with private oil companies to secure and safeguard the nation's energy security. Watch the full report for in-depth analysis and expert insights on this crucial development.
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