The Nigerian National Petroleum Company Limited (NNPC) has admitted that it is having trouble paying its outstanding debts to suppliers, which is making it difficult for them to provide the country with adequate gasoline.
Reports indicate that because the NNPC hasn’t paid what it owes it’s suppliers, they are reluctant to fulfill their contractual obligations, resulting in a shortage of gasoline. This has caused long queues at gas stations all over the country, making it difficult for people who need to drive or use gasoline.
The NNPC, which is the biggest producer of crude oil in Africa, needs to bring in a lot of fuel from other countries because Nigeria doesn’t have enough places to make it. The company is having a hard time paying its debts and cope with rising fuel prices, causing significant problems for Nigeria’s economy and its citizens.
Industry experts warns that if the situation is not addressed promptly, there might not be any fuel at all, which would cause a lot of trouble for businesses and daily life.
