NNPC Ltd. has confirmed reports circulating in national newspapers regarding the company’s substantial debt to petrol suppliers. This mounting financial burden has placed significant pressure on NNPC Ltd. and threatens the sustainability of fuel supply across the country.
Despite these challenges, NNPC Ltd. remains committed to its obligations under the Petroleum Industry Act (PIA). The company continues to serve as the supplier of last resort, ensuring national energy security. To mitigate the situation, NNPC Ltd. is working closely with relevant government agencies and stakeholders to maintain a steady supply of petroleum products nationwide.
Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja
1st September, 2024
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