Nigeria’s House of Representatives has rejected a motion seeking to stop the recent hike in the price of Petrol.
A member of the House, Ugochinyere Ikenga, had in a motion of urgent public importance moved at plenary on Wednesday, called for investigation into the increases in the price of petrol since the removal of the petrol subsidy. He also urged an action of lawmakers to direct a reversal to the old price of N537 per litre in Abuja and N481 in Lagos.
Rejecting the motion, the House resolved to investigate the sudden increase in the petrol and the resultant increase in transport fares across the country.
The House said since it has already resolved to investigate the increase, it will amount to pre-empting the work of the investigative committee by ordering the suspension of the price increase.
It asked the group Managing Director of the Nigeria National Petroleum Company Limited, Mele Kyari and oil marketers, to appear before an ad hoc committee to explain the increase.
The ad hoc committee is also find ways ensuring effective distribution of palliatives to Nigerians, to cushion the effect of subsidy removal.
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The House also rejected a motion to Set up an Ad-hoc Committee to collate the views of lawmakers, Civil Society Organisations, as well as the public, and engage the government on the selection of the best palliative options to cushion the effect of removal of fuel subsidy in Nigeria.
Honourable Dennis Agbo, who moved the motion, had said it would be best for Nigerians to determine the best palliatives for them, just as he expressed concern about how little the proposed monthly cash handout of N8,000 can achieve for a selected household of five members under current potential inflationary pressure.
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