Nigerian Senate. Photo credit: oriental times
The Nigerian Senate plans to increase the price of petrol, AGO, and Aviation fuel by N5 on every litre. According to the Senate, it would improve the management of the nation’s infrastructure. The Bill for National Road Fund 2017 was presented by Senator Kabiru Gaya representing Kano State Senatorial District, and Chairman Committee for Works. The sixteen man led Committee is seeking the passage of the Bill for the provision of funds for the maintenance and rehabilitation of national roads. The Bill has scaled through the first and second reading and has gone for public hearing.
However, some respondents who spoke to NaijaVoxpop said that “it would amount to multiple taxation and lead to an increase in the prices of goods and services. They are of the opinion that it would hurt the Federal Government economic recovery drive. They said that the Federal Roads Maintenance Agency Act (FERMA) of 2007 has addressed the financing of road maintenance in the country. Continue reading