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. He said the government had made provision in its N500 billion social security plan to take care of the most vulnerable Nigerians. He said the government was paying particular attention to vocational training, soft loans to market women and traders that would be disbursed through their associations. He said the government was committed to stimulating the manufacturing sector and industries. He said the government had also lined up a package of palliatives to help revive manufacturing in the country. He also said the administration was working to make the country a technology power house in the continent by the provision of six technology hubs in the country. He further declared that the government was working to attain self- sufficiency in the production of rice and wheat by 2018.

allafrica.com/stories/201605240005.html

Why not wait for the 'soon' instead on compounding Nigerians suffering with the price increase?


Everyone is APC are trained liars.

Amen

APC should please stop lying to us. The only way is to subsidize it.
Are they willing to bring back subsidy again....
Oil price is soaring past $50, tell me the magic that would make the pump price of petroleum products go down.

I pray fuel price go down soon ooo

How soon please?

I won't be surprised if he comes out 2moro 2 tell us how journalists misquoted him..

One thing these liars knows very well is the fact that these oil marketers are very organized, they can sustain the price at #145 and even feign scarcity to enable them exploit nigerians. For we the masses, our silence has been the greatest weapon of self destruction. The last administration seems more focus than this trial and error govt.

the mastermind of Nigerian problems, him that said his mother will not sleep, will not sleep neither.