Finally, NNPC Admits Debts Owed to Oil Traders Responsible for Fuel Scarcity in Nigeria

Finally, NNPC Admits Debts Owed to Oil Traders Responsible for Fuel Scarcity in Nigeria …C0NTINUE READING HERE >>>

Newsone Nigeria reports that the Nigerian National Petroleum Corporation (NNPC) has finally admitted that the debts owed to international oil traders are a major factor in the ongoing fuel scarcity in Nigeria.

The NNPC in a statement issued on Sunday night, September 1, 2024, by its spokesperson, Olufemi Soneye, confirmed reports in the Nigerian media, attributing the fuel shortage to supply disruptions caused by outstanding debt obligations to international oil traders.

Though NNPC…

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