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.