NNPC Ltd has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers.
In a statement signed by the chief corporate communications officer NNPC Ltd Olufemi Soneye and made available to newsmen.
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The statement explained that “This financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply”
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He pointed out 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.
“ We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide”