Petrol price will soon fall - Osinbajo

Osinbajo said the forces of demand and supply will certainly prevail, and the cost of petrol will reduce drastically.

  Vice President, Yemi Osinbajo and Lagos State Governor, Akinwunmi Ambode in Lagos

Vice-President Yemi Osinbajo has announced that the pump price of fuel will fall in some months time.

Osinbajo said the forces of demand and supply will certainly prevail, and the cost of petrol will reduce drastically.

He said this while addressing members of the All Progressives Congress (APC) at Tafawa Balewa Square (TBS) in Lagos state.


Osinbajo represented President Buhari, who could not make the invitation due to scheduling challenges.

The Vice-President said “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.”

The Vice president revealed that the government has put in place various palliative measures to cushion the effect of the fuel price hike.

Osinbajo also praised the Governor of Lagos, Akinwunmi Ambode saying “So much attention has been paid to security and safety.

“The Lagos state governor surely deserves commendation for the good work he is doing, it is what other governors should also emulate to make life better for people.”

Vice President Yemi Osinbajo is billed to depart Abuja on Monday, May 23, 2016 to Lusaka, Zambia.