Olawepo-Hashim Unveils Plan for N605 Fuel, Says Naira Undervalued
Insists 4m bpd oil output achievable in 24 months Pledges to end imports, targets N525-N700/$ exchange rate Says local fuel pricing can’t be based solely on international crude prices Emmanuel
Gbenga Olawepo-Hashim, the presidential candidate of the Accord Party for Nigeria's 2027 election, unveiled his plan for a N605 fuel price and criticized the undervaluation of the Nigerian naira. Speaking with Channels Television, Olawepo-Hashim insisted that a production capacity of 4 million barrels per day could be achieved within 24 months.
He proposed ending petroleum imports and targeting an exchange rate between N525 and N700 per dollar, arguing that the current undervaluation of the naira was benefiting certain individuals in the country. The presidential candidate also emphasized that domestic crude oil pricing should not be solely based on international crude prices, as oil-producing countries often supply domestic crude to support local industries and energy security.
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