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June 2, 2023 Reps Ask FG To Mitigate Effects Of Subsidy Removal

The House of Representatives has waded into the subsidy conversation, asking the Federal Government to out rightly remove subsidies on all petroleum products.

The House made this resolution after adopting the report of its adhoc committee which investigated the country’s subsidy regime.

The lawmakers called on the federal government to immediately design measures and palliatives to cushion the effects of the subsidy removal for Nigerians effective through the provision and procurement of Compressed Natural Gas (CNG) Busses as an alternative Transport System.

They also suggested the introduction of intermodal, regional and national transport system to ease mass movement of people across the country.

The legislators further called for a forensic audit to ascertain whether the 413 billion Naira borrowed from the CBN for subsidy payments was refunded after the passage and assent of the 2015 budget.

The lower chamber also wants the government to suspend all Direct Sales Direct Purchase (DSDP) contracts.

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