Petrol could hit ₦5,000 under Tinubu, SDP’s Adebayo warns

Prince Adewole Adebayo, the presidential candidate of the Social Democratic Party (SDP), has warned that petrol prices could reach ₦5,000 per litre if President Bola Tinubu secures a second term. Adebayo attributes this projection to the Federal Government's economic policies, including full deregulation of the petroleum downstream sector and the continued floating of the naira. He argues that these policies are pushing the economy toward hyper-inflation. Adebayo also noted that the naira's depreciation is a major factor, as petrol imports are priced in US dollars.

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