ABUJA — The presidential candidate of the Social Democratic Party, SDP, Prince Adewole Adebayo, has promised to reduce the prices of petrol, cooking gas and aviation fuel, Jet A1, to N200 per litre if elected president in 2027.
Adebayo made the pledge while featuring on the News Agency of Nigeria, NAN, Personality Interview Series in Abuja on Sunday.
He said the proposed reduction would be achieved within 12 months through the revival of Nigeria’s existing refineries and the creation of an enabling environment for modular refineries to operate.
According to him, the country’s refineries, despite being decades old, remain serviceable and can be rehabilitated to meet domestic fuel needs.
He cited refineries in the United States that are more than 100 years old but remain operational as evidence that age alone should not render Nigeria’s refineries obsolete.
