The Nigerian National Petroleum Company Limited (NNPC Ltd.) has announced that its purchasing portal will be reopened once the current backlog of petrol orders is cleared. The portal was shut down to prevent holding marketers’ funds for an extended period.
According to Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., “We have a significant backlog to address. The closure is intended to prevent us from holding marketers’ funds for an extended period. It will be reopened once the backlog has been sufficiently reduced. We are working to address it as soon as possible.”
The shutdown of the portal had been met with complaints from marketers, who claimed it encouraged round-tripping of product supplies and drove up prices. NNPC Ltd. is working to resolve the issue and reopen the portal to ensure a smoother supply chain.
Vanguard.
