Again, Osinbajo defends Buhari on fuel price hike

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President Muhammadu Buhari is handicapped over the increase in the price of premium motor spirit, PMS, Vice President, Yemi Osinbajo, has said. Rising in defence of the President, amid angry feelings, among many Nigerians, caused by the increase in the price of petrol, Osinbajo said though the President was opposed to the new price initially, he had no choice than to accept the change. According to him, the decision is necessary, if the country must source for foreign exchange to import fuel. The Vice President said that even if the local refineries were resuscitated, the country would still need to import product as they would only run at 40 per cent capacity.