2027: I’ll crash petrol price to N200 per litre within 12 months – SDP’s Adebayo
The Social Democratic Party, PDP, presidential candidate, Adewole Adebayo, says he will crash the prices of petroleum products to N200 per litre if elected President in 2027. Adebayo, who stated this on Sunday in interview with the News Agency of Nigeria, said the proposed pricing regime would be implemented within 12 months of taking office. If elected, he […] 2027: I’ll crash petrol price to…
Adewole Adebayo, the presidential candidate of the Social Democratic Party (SDP), has outlined his plan to drastically lower the price of petroleum products in Nigeria if elected as President in 2027. Speaking with the News Agency of Nigeria on Sunday, Adebayo vowed to bring the price of petrol, cooking gas, and Jet A1 fuel down to N200 per litre within just a year of assuming office.
To achieve this, Adebayo's administration would focus on three key areas. Firstly, he plans to revive Nigeria's existing refineries and encourage the operation of modular refineries. He believes that the age of Nigeria's refineries, which can be as old as 100 years, should not hinder their rehabilitation. Additionally, Adebayo highlighted that some refineries in the United States, which are also older than a century, continue to operate efficiently.
Furthermore, the SDP candidate announced his intention to return the original subsidy regime. Under this system, 450,000 barrels of crude oil would be reserved for domestic consumption, ensuring that domestic demand is met.
Written by urgent.news from Daily Post Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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