SDP warns fuel may hit N5,000/litre if Tinubu wins 2027 term in Nigeria

SDP presidential candidate Adewole Adebayo warned on Wednesday, September 15, 2026, that fuel prices could rise to N5,000 per litre if President Bola Tinubu secures a second term in the 2027 general elections. The warning, issued by his campaign’s Chief Communications Adviser, Comrade Mark Adebayo, follows a recent pump price hike that has pushed fuel close to N1,500 at some stations. Adebayo linked the outlook to the Tinubu administration’s deregulation of the downstream petroleum sector and the continued floating of the naira, saying a weaker currency raises the landing cost of imported petrol. He added that if the exchange rate reaches N3,500 to $1, the landing cost alone would exceed N4,000 per litre.

Such a price would more than triple current costs, severely raising transportation expenses for commuters and operators, inflating the price of goods and services, and squeezing household budgets already strained by high inflation. It underscores concerns that the removal of petrol subsidies has left consumers directly exposed to global oil prices and currency fluctuations, potentially deepening poverty and reducing disposable income for millions of Nigerians.

Nigerians should assess how a potential jump to N5,000/litre would affect their daily commute, business logistics, and household spending, and consider alternatives like public transport, carpooling, or fuel‑efficient vehicles. Monitoring exchange rate trends and policy announcements ahead of the 2027 elections can help individuals and businesses prepare for possible cost changes.

SOURCE: https://dailypost.ng/2026/09/16/fuel-price-will-hit-n5000-litre-under-tinubu-sdps-adebayo-warns/