In a bold political move that is set to send shockwaves through Nigeria’s political landscape, Prince Adewole Adebayo, the 2027 presidential candidate of the Social Democratic Party (SDP), has vowed to crash the price of premium motor spirit (petrol), cooking gas, and aviation fuel (Jet A1) to an unprecedented ₦200 per litre [1] within his first 12 months in office.
Speaking during an explosive personality interview with the News Agency of Nigeria (NAN) in Abuja, Adebayo declared that the current hyper-inflation choking Nigerian households is a result of a lack of political will, rather than economic impossibility.
Dismissing the narrative that Nigeria’s energy crisis cannot be solved overnight, Adebayo laid out a fiery, three-pronged strategy aimed at dismantling the nation’s reliance on foreign fuel imports: 
Adebayo strictly rejected arguments that Nigeria’s moribund state-owned refineries are “too old” to work. He pointed out that several highly productive refineries in the United States have been running smoothly for over a century due to meticulous maintenance.
His blueprint guarantees a frictionless, highly supportive regulatory environment designed to let private modular refineries scale up and flood the local market with cheaper product.
By locking down local refining capabilities, his administration aims to completely eliminate the shipping, landing, and foreign exchange costs that keep pump prices painfully high.
“It is a deliberate policy choice,” Adebayo insisted, positioning himself as the leader ready to break the cycle of energy poverty. As the race to 2027 heats up, this ambitious economic pledge is bound to take center stage in the national debate.
