[Mhiz Rebecca]

More Hard Times Await Nigerians As Senate
Recommends Increase In Fuel Prices
Abuja – In spite of the biting hardship
Nigerians are going through, more miseries
are set to be inflicted on them through
impending fuel price increase.
The proposed increase of N5 per litre on
Premium Motor Spirit (PMS) otherwise called
petrol and as well as on diesel, was made by
the Senate Committee on Works in its final
report on a Bill titled “The National Road Fund
(Est, etc) Bill, 2017 (SB 21)”.
The import of the proposed fuel levy charge is
that, end users (motorists) will pay N5 tax on
every litre of fuel bought at any fuel station.
The Senate Committee on Works under the
leadership of Senator Kabiru Gaya in the
report, also advocated for the implementation
of a special 0.5 percent levy on commercial
vehicles passengers fares, all in a bid to raise
money to pay for road constructions and
maintenance.
The Bill which is part of the 11 economic
reform Bills initiated by the Senator Bukola
Saraki led leadership of the Senate, as
contribution to economic recovery by the
country, has already been endorsed by the
House of Representatives.
Details later…
Independentng