𝗥𝗲𝗽𝘀 𝗗𝗲𝗺𝗮𝗻𝗱 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗣𝗲𝘁𝗿𝗼𝗹, 𝗖𝗼𝗼𝗸𝗶𝗻𝗴 𝗚𝗮𝘀 𝗣𝗿𝗶𝗰𝗲 𝗛𝗶𝗸𝗲 𝗥𝗲𝘃𝗲𝗿𝘀𝗮𝗹
𝗥𝗲𝗽𝘀 𝗗𝗲𝗺𝗮𝗻𝗱 𝗜𝗺𝗺𝗲𝗱𝗶𝗮𝘁𝗲 𝗣𝗲𝘁𝗿𝗼𝗹, 𝗖𝗼𝗼𝗸𝗶𝗻𝗴 𝗚𝗮𝘀 𝗣𝗿𝗶𝗰𝗲 𝗛𝗶𝗸𝗲 𝗥𝗲𝘃𝗲𝗿𝘀𝗮𝗹
The House of Representatives has waded into the increase in the pump price of petroleum products.
Moved by the Deputy Minority Leader, Aliyu Madaki and sponsored by 111 members of the house, the house called for the immediate reversal of the price increase in petrol and cooking gas.
The lawmakers said they feared that the hike was causing hardship for Nigerians and threatening job security.
The Green Chamber also asked that the Nigerian National Petroleum Company Limited (NNPCL), and the Ministry of Petroleum Resources, to increase local refining capacity, while also calling on the Central Bank of Nigeria (CBN), to implement monetary policies that will mitigate the adverse effect of fuel price hike on inflation.
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