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NNPC Ltd. has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers.
This was contained in a statement on Sunday by Olufemi Soneye,Chief Corporate Communications Officer, NNPC Ltd.who said “This financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.”
Soneye added that “In line with the Petroleum Industry Act (PIA), NNPC Ltd. remains dedicated to its role as the supplier of last resort, ensuring national energy security. We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide.”
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