NNPCL, Nigeria’s national oil company, is facing financial difficulties due to the high costs of petrol supply. The company has confirmed that it owes significant amounts to fuel suppliers, which is putting pressure on its operations and could affect the continuous supply of fuel across the country.
In a statement, Olufemi Soneye, Chief Corporate Communications Officer at NNPC Ltd., said, “We acknowledge the recent reports about our debt to petrol suppliers. This situation is challenging, but we are committed to ensuring the steady supply of petroleum products across Nigeria.”
Soneye also emphasized that NNPC Ltd. is working closely with government agencies and other partners to address the issue and maintain national energy security, in line with the Petroleum Industry Act (PIA).
NNPC Ltd. continues to act as the “supplier of last resort,” ensuring that the country does not face fuel shortages despite the current financial strain.
