Reps demand immediate palliatives for Nigerians

The House of Representatives has asked the Federal government to immediately design measures and palliatives to cushion the effects of the subsidy removal for Nigerians.

Adopting by the Ad–hoc Committee set up by the House to Investigate the Petroleum Products Subsidy Regime in Nigeria, the House wants the government to provide

CNG Busses as alternative Transport System with Cheaper Fuel Consumption.

The House also asked the government to introduce intermodal, regional and national transport system to ease mass movement of people.

It said that the Federal Government should as a matter of urgency, liaise with the National Assembly to fashion out critical areas of economic development, which the additional revenue from the subsidy removal will be appropriately utilized.

The House is also asking for the immediate suspension of the Direct Sale, Direct Purchase (DSP) contract between the NNPC and other oil companies while the NNPC should ensure that the country is not sub-changed in production, lifting and sales of crude in line with the Petroleum Industry Act. The House said there was the need to carry out further investigation through a forensic audit by the office of the Auditor General of the Federation to ascertain whether the N413billion borrowed from the CBN for subsidy payments was refunded after the passage and assent to the 2015 budget as earlier approved by the President.

It also said that the Nigerian Midstream Down Stream Petroleum Regulatory Commission should issue stricter and most appropriate regulations to ensure that Nigerians are not shortchanged through profiteering in line with the PIA.

It also want the Revenue Mobilisation Allocation Committee to lead a reconciliation meeting between NNPCL, FIRS and JVCs and the Commission on the utilization of their crude entitlements. Nation