Nigerian National Petroleum Corporation Ltd (NNPC) has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers.
Olufemi Soneye Chief Corporate Communications Officer NNPC Ltd Abuja made this assertion in a statement issued
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He said this financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.
He 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.
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According to Mr. Soneye, “We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide.”
