By Oke Peter
The Nigerian National Petroleum Corporation (NNPC) Limited said it has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers.
In a press release made available on its socials by the Corporation’s Chief Corporate Communications Officer, Olufemi Soneye, on Sunday, “This financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.
“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,” the statement said.
