Fuel Price To Fall Soon, Says Osinbajo

Vice President Yemi Osinbajo on Monday assured Nigerians that the price of petrol, which was recently increased from N86.50 to N145 per litre would soon reduce.

Mr. Osinbajo, who was addressing a cheering crowd of supporters of the ruling All Progressives Congress at the Tafawa Balewa Square in Lagos, was representing President Muhammadu Buhari during a two-day working visit to Lagos.

Mr Buhari announced on Sunday that he would be represented by Mr Osinbajo.

The presidency explained that Mr Buhari could not make it to Lagos due to scheduling difficulties.

Presidential spokesman, Garba Shehu, however said the President would visit the state after Ramadan.

According to Mr. Osinbajo, due the liberalisation of the downstream sector, “every Nigerian can now bring petrol and supply as long as they meet the PPMC (Pipeline and Product Marketing Company) regulations.”

He said that would allow the forces of demand and supply to force the current price of the product downward.

The Vice President, who apparently was referring to the hardship in the country caused by hyper-inflation and job losses, appealed to Nigerians to be patient with the Buhari administration as the “country is on the path to progress.”

 “This country is going to be a great nation but there is a lot of readjustment to be done. My President has asked me to assure every Nigerian that we are on the path to progress,” he said.

Credit: Premiumtimes

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