Indications have emerged that the Nigerian National Petroleum Company (NNPC) Limited has commenced the process of paying the $6.8 billion debt owed to suppliers.
Wale Edun, the Minister Of Finance And Coordinating Minister Of The Economy dropped this indication on Wednesday during an engagement with investors in Washington DC on the sidelines of the 2024 annual meetings of the International Monetary Fund (IMF) and the World Bank.
On September 1, 2024, the NNPC Ltd after several denials finally admitted to owing the sum of $6.8 billion to suppliers of Premium Motor Spirit (PMS) popularly known as petrol.
