Why NNPCL Can’t continue paying petrol price differential without going bankrupt, says Onanuga …C0NTINUE READING HERE >>>
Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Tinubu, has revealed that the Nigerian National Petroleum Company Limited (NNPCL) Limited admitted to having financial constraints because it can no longer subsidise petrol.
Onanugu said this in a post on X on Tuesday.
According to him, if the NNPCL continues to pay the difference between the landing cost and petrol price, the national oil company will go bankrupt.
Onanuga said NNPC’s debt was a result…
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