The Nigerian National Petroleum Company Limited (NNPCL) reported a debt of N5.1 trillion in under-recovery and energy security expenses for fuel importation in 2023. READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>
Thank you for reading this post, don't forget to subscribe!The total receivables for the year were N9.38 trillion, significantly higher than the N2.18 trillion recorded in 2022.
NNPCL’s financial statement indicated that this amount covered domestic crude oil supply and other expenses.
Despite President Tinubu’s subsidy removal, the company still faces a shortfall, which it does not classify as a subsidy.
Fuel scarcity continues nationwide, with high prices exacerbating economic hardship.READ FULL STORY HERE>>>CLICK HERE TO CONTINUE READING>>>
