The Nigeria National Petroleum Company Limited NNPC Ltd says it has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers.
The NNPC said this financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.
In a statement on Sunday, the company said ‘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.’
Source: Voice of Nigeria