08:02:00
House Of Representatives on Military deployment The House of
Representatives in Nigeria on Monday began a special session to
deliberate on the Federal Government’s announcement of an increase in
the price of Premium Motor Spirit, also referred to as Petrol. However,
plenary degenerated into a rowdy session, as lawmakers of the Peoples
Democratic Party (PDP) refused to allow the Minister of State For
Petroleum, Dr. Ibe Kachikwu, to be admitted into the chamber.
The Minister was invited to brief lawmakers on the situation in the petroleum sector. But the PDP lawmakers waved the National flag, singing protest songs and were hell bent on not allowing the Minister entry into the Representatives’ chamber.
Dr. Kachikwu on May 11 announced a new price band of 145 Naira per litre of petrol, linking the hike to the difficulty in getting foreign exchange and the inability of the nation’s refineries to produce at optimum capacity to cushion scarcity that has lasted for over five months. He said that the deregulation of the sector would promote competition which he believes will force the price down within the next six months.
The Minister was invited to brief lawmakers on the situation in the petroleum sector. But the PDP lawmakers waved the National flag, singing protest songs and were hell bent on not allowing the Minister entry into the Representatives’ chamber.
Dr. Kachikwu on May 11 announced a new price band of 145 Naira per litre of petrol, linking the hike to the difficulty in getting foreign exchange and the inability of the nation’s refineries to produce at optimum capacity to cushion scarcity that has lasted for over five months. He said that the deregulation of the sector would promote competition which he believes will force the price down within the next six months.
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