Subsidy Removal: House of Reps Endorse N617 Fuel Pump Price, Gives Reason

• The House of Representatives has approved the recent increment in the pump price of premium motor spirit (PMS)
• The House agreed to investigate the sudden increase in the price of PMS and the resultant increase in transport fares across the country
• The lawmakers insisted that stopping the increase in the fuel price by accepting the motion will amount to pre-empting the work of the investigative committee

Members of the House of Representatives on Wednesday, July 19, rejected the motion to suspend the recent increase in the pump price of the premium motor spirit (PMS) from N537 to N617 per litre.

Reps reject move to stop the increase in the price of PMS

However, the lawmakers resolved to set up an Ad-hoc Committee to be drawn from six geopolitical zones of the Federation, The Nigerian Tribune reported.

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Reps reveal way forward as petrol sells for N617 per litre

The House resolved to investigate the sudden increase in the price of fuel and the resultant increase in transport fares across the country and asked its committee to propose palliative measures to be taken to ameliorate the sufferings of Nigerians, The Punch reported.

Reps reveal why it suspended the motion

The House said since it had resolved to investigate the increase, it would amount to pre-empting the work of the investigative committee by ordering the suspension of the price increase.

Fuel subsidy: FG to increase workers' salary? Details emerge as Akpabio speaks

Amid the upward rise in fuel prices and commodities, Senate President Godswill Akpabio said there would be a review of workers' salaries, and the federal government would do implementation in earnest.

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Fuel subsidy: FG to increase workers' salary? Details emerge as Akpabio speaks

This development was revealed at Akpabio's office when he was visited by the governor of Ekiti State, Abiodun Oyebanji and lawmakers representing the state at the lower chamber of the national assembly.

While speaking during the Tuesday, July 18 visit, Akpabio told Governor Oyebanji that the federal government would not rest on its ores and that they are entirely aware of the hardship plaguing the country and its citizens due to the subsidy removal.

However, he noted that removing the subsidy has become necessary due to the corrupt practices around the scheme.

President Tinubu bows to pressure gives fresh directives on N8,000 palliative

Meanwhile, President Bola Tinubu has ordered that the N8000 palliative that was earlier said would be transferred to 12 million households to cushion the effect of fuel subsidy removal be reviewed.

Dele Alake, the spokesperson to the president, added that Bola Tinubu also said the total package of the palliatives should be unveiled to Nigerians.

While vowing always to prioritise the welfare of Nigerians, the president ordered that fertilisers and grains be released to 50 million farmers and households.

Source: Legit.ng