FCT, Abuja – Members of the house of representatives have said the indiscriminate hike of fuel price to (upwards of) N1,300 per litre was alarming.
As reported by The Punch on Thursday morning, October 17, the lawmakers warned that the fuel price hike would naturally lead to widespread anger among the masses.
The federal lawmakers, therefore, called on the Bola Tinubu-led government to immediately reverse the hike in the price of fuel and cooking gas.
The legislators’ resolution followed the adoption of a motion of urgent public importance moved on the floor of the green chamber by Kingsley Chinda, the minority leader, and 100 others on Wednesday, October 16, Premium Times noted.
Titled, ‘Urgent need to suspend the increased cost of petrol and cooking gas in the country and provide a stop-gap,’ the motion asked the Nigerian National Petroleum Company Limited (NNPCL), and the ministry of petroleum resources, to increase local refining capacity. It also called on the Central Bank of Nigeria (CBN), to implement monetary policies that will mitigate the adverse effect of fuel price hike on inflation.
Chinda said:
TimesNow.com.ng reports that Chinda’s colleagues, Ali Isa, Yusuf Gagdi, Aliyu Madaki, and George Ozodinobi, all sent similar warning messages to the Tinubu government.
Earlier, TimesNow.com.ng reported that the Socio-Economic Rights and Accountability Project (SERAP) disclosed that it has filed a lawsuit at the federal high court, Abuja, against President Tinubu.
SERAP dragged President Tinubu to court over his alleged failure to direct the NNPCL to reverse “the apparently unlawful increase in the pump price of petrol.”
Source: TimesNow.com.ng
