• Accord candidate pegs starting sustainable price at N605/litre
•Targets exchange rate of N525-N700 to dollar
Emmanuel Addeh in Abuja
Presidential Candidate of the Accord Party, Dr Gbenga Hashim-Olawepo, has said petrol could eventually sell for as low as N200 per litre without reducing government revenue or Federation Account Allocation Committee (FAAC) allocations, arguing that Nigeria can achieve cheaper energy while strengthening public finances.
Hashim-Olawepo, who put the starting sustainable price of petrol under an Accord administration at N605 per litre, said the target would be achieved by reducing the cost of petroleum production and stabilising the exchange rate rather than through an opaque subsidy regime.
