FUEL HIKE: Senate suspends bill

.

The Senate has jointly agreed to reconsider the recommendations of the Senate Committee on Works stating that N5 should be levied on every litre of petroleum and diesel including other taxes aimed at generating fund for the construction of Nigerian roads.

 

Speaking on the proposed recommendation is the Chairman of the committee, Senator Kaniru Gaya made it known that the N5 levy on these products will be from the current pump price and not an extra charge on it because it is based on the template of the Petroleum Products Pricing Regulatory Agency (PPPRA).

 

On the issue of toll fee, he said, “we are not proposing for a toll fee right now. We are saying when the roads are good and when there are concessions of these roads and private partners come in, we can put the toll gates and take a 10 per cent commission to be paid into the road fund.”

Senator Ike Ekweremadu

 

 

On the other hand, Senator Kabiru Mafara, Chairman of the Senate Committee on Petroleum (Downstream) who was supposed to second the consideration of the bill for reading as it was not part of the debate at the plenary stoutly condemned the recommendation of Gaya’s committee.

 

Mafara said, “the only consideration there is the fee charged for petroleum equalization. Taking another N5 on imported fuel and taking N5 also from the locally-refined products is going to add pressure to the already impoverished common man and considering that these whole items will bring untold hardships to the people of Nigeria, the assertion that the N5 has already been captured in the template of the PPPRA does not tally. There is always a template that determines the pump price of petroleum products”.

 

He continues, “this is a very sensitive matter and I want to advise that the National Roads Funds be restricted to the road sector, we have already passed the PIGB and in the bill we have the Petroleum Equalisation Fund; we have requested for another N5 to be paid into the account so that petroleum products can sell reasonably at the same price across the nation”.

 

The Deputy Senate President, Senator Ike Ekweremadu  who presided over  the plenary session however implored the lawmakers to air their views on the bill when the time is right to deliberate but Senator Binta Garba said the bill should be suspended.

 


.

10 thoughts on “FUEL HIKE: Senate suspends bill

  • January 8, 2019 at 3:30 am
    Permalink

    The next time I learn a weblog, I hope that it doesnt disappoint me as much as this one. I imply, I do know it was my choice to read, however I really thought youd have one thing interesting to say. All I hear is a bunch of whining about something that you possibly can fix if you werent too busy searching for attention.

    Reply
  • January 14, 2019 at 10:54 pm
    Permalink

    764314 281943I like this web site because so considerably useful material on here : D. 721763

    Reply
  • January 16, 2019 at 12:00 pm
    Permalink

    96775 716722very good put up, i undoubtedly really like this internet site, keep on it 754990

    Reply
  • January 23, 2019 at 1:26 am
    Permalink

    352928 686360Outstanding weblog here! following reading, i decide to buy a sleeping bag ASAP 531243

    Reply
  • February 3, 2019 at 11:32 pm
    Permalink

    855660 630611Attractive portion of content. I just stumbled upon your weblog and in accession capital to assert that I get in fact loved account your weblog posts. Anyway I is going to be subscribing to your augment and even I success you get admission to constantly rapidly. 410657

    Reply
  • February 13, 2019 at 9:12 am
    Permalink

    260447 763483Hello, Neat post. There is actually a problem with your website in internet explorer, could test thisK IE nonetheless will be the marketplace leader and a large portion of folks will leave out your excellent writing due to this problem. 563895

    Reply
  • February 13, 2019 at 8:21 pm
    Permalink

    209691 811243The digital cigarette makes use of a battery and a small heating element the vaporize the e-liquid. This vapor can then be inhaled and exhaled 711499

    Reply
  • February 19, 2019 at 2:37 pm
    Permalink

    18098 267265Ive been absent for a even though, but now I remember why I used to enjoy this web site. Thank you, I will try and check back more often. How frequently you update your site? 510354

    Reply
  • February 19, 2019 at 11:39 pm
    Permalink

    908927 366413Thank you for having the time to discuss this topic. I truly appreciate it. Ill stick a link of this entry in my site. 49975

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *