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International Business Times

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AFP News

State Oil Company's 'Financial Strain' Compounds Nigeria's Fuel Shortage

Nigeria Oil NNPC Petrol

Although a major oil producer, Nigeria often struggles with fuel shortages that cause long lines at petrol stations (Credit: AFP)

Weeks of fuel scarcities in Nigeria are compounding a cost-of-living crisis, with the state-run oil company acknowledging "financial strain" was hampering supplies.

Olufemi Soneye, a spokesman for government-controlled Nigerian National Petroleum Company Limited (NNPCL), blamed the lingering scarcity on financial issues, in a statement at the weekend.

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