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Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsFuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas (9555 Views)

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Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by Islie(op): 9:07pm On Oct 16, 2024
Fuel Price Hike: Reps ask FG to introduce “targeted subsidies” on petrol, cooking gas

The House of Representatives has asked the federal government to reverse the pump price of petrol and cooking gas through targeted subsidy.

This resolution followed a motion of urgent importance moved by the Minority Leader, Kingsley Chinda (PDP, Rivers) and 111 others during Wednesday’s plenary session.

Last week, the pump price of petrol rose to N998 and N1,030 per litre after NNPC Limited announced the end of the sole offtaker arrangement with the Dangote Refinery.

Moving the motion on behalf of the sponsors, the Deputy Minority Leader, Aliyu Madaki (NNPP, Kano), stated that “the rising cost of petrol and cooking gas poses a significant threat to the livelihood of millions of Nigerians. The unchecked inflationary pressure caused by the increased prices could lead to social unrest, increased poverty, and other negative long-term effects.”

He further warned, “Unless urgent and pragmatic steps are taken to control the rising cost of petrol and cooking gas, the nation will face an economic crisis, resulting in increased crime rates and mortality.”

Sada Soli (APC, Katsina) raised a point of order, noting that a joint committee of the National Assembly is already reviewing the entire downstream sector and the subsidy regime.

However, this was met with opposition from the minority bench, who attempted to shout Mr Soli down.

Speaking in support of the motion, the Minority Whip, Isa Ali (PDP, Gombe), argued that petrol prices impact all sectors of the economy, particularly inflation.

“The people are suffering due to the fuel price increase. The government should allow the people to breathe and should not remove the little oxygen cylinder giving Nigerians relief.

“The government should listen to the cries of the people and take steps to review any policy that negatively affects Nigerians. Those who signed this motion believe that Nigerians are suffering,” he said.

In his contribution, Yusuf Gagdi (APC, Plateau) pointed out that deregulation of the downstream sector is a product of the Petroleum Industry Act (PIA) and cautioned against playing politics with the price of petrol.

However, Mr Chinda countered this, stating that “laws are made for man, not man for laws.” He emphasised that the intention behind the PIA was not to allow unchecked price hikes for petrol.

Kingsley Chinda (PDP), Member Representing Obio/Akpor Federal Constituency, Rivers State
Kingsley Chinda (PDP), Member Representing Obio/Akpor Federal Constituency, Rivers State
“We yearn for deregulation, but how do we implement it without negatively affecting the people? We must consider Nigerians in the process of implementing such laws.”

Prayers of the Motion

The motion urged the federal government to reverse the recent pump price hikes and take immediate steps to stabilise petrol and cooking gas prices through targeted interventions, such as temporary price relief measures, tax reductions, or subsidies for low-income households.

It also called on the Nigerian National Petroleum Corporation (NNPC), the Ministry of Petroleum Resources, and other relevant agencies to expedite the repair and maintenance of domestic refineries and increase local refining capacity to reduce reliance on imported refined petroleum products.

Additionally, the motion urged the Central Bank of Nigeria (CBN) to implement monetary policies to mitigate the adverse effects of fuel price hikes on inflation, particularly concerning essential goods and services.

The motion further called on the federal government to explore alternative energy sources and diversify the country’s energy mix, promoting sustainable and affordable renewable energy solutions.

State governments were also encouraged to adopt policies that alleviate the financial burden on citizens, such as waiving taxes or levies on transportation and goods affected by high fuel costs.

Lastly, the House Committees on Petroleum Downstream and Legislative Compliance were mandated to ensure compliance and report back to the House within two weeks for further legislative action.

Debates over the Prayers

There was a prolonged debate over the prayers in the motion, with the ruling APC lawmakers calling for amendments to allow the Joint Committee to review some of the issues raised.

Olumide Osoba (APC, Ogun) and Patrick Umoh (APC, Akwa-Ibom) argued that the motion should be referred to the Joint Committee.

The opposition strongly opposed this, arguing that some matters required urgent action.

Speaker Abbas Tajudeen intervened, appealing to the opposition to allow the motion to be referred to the Joint Committee and assuring them that the committee would consider the issues raised.

Reluctantly, Mr Chinda moved the amendment, which was seconded by Abdussamad Dasuki (PDP, Sokoto).
The motion was subsequently passed as amended.


Procedural Flaws

Once again, the House failed to properly address amendments during the debate. Although the amendment to refer the motion to the Joint Committee was adopted, they did not explicitly state that “other prayers” should be deleted.

This is not the first time the House has made this procedural error, later blaming the media for “erroneous reporting.”

In July, during the debate on the Samoa Agreement, the House made a similar mistake by amending prayers in a motion without deleting existing prayers. The House Spokesperson, Akin Rotimi, later issued a disclaimer stating that the House did not “ask the government to suspend the agreement.”

Recently, during consideration of the motion on the GCON, the House repeated this blunder and again blamed the media for “erroneous reporting.”
https://www.premiumtimesng.com/news/top-news/745840-fuel-price-hike-reps-ask-fg-to-introduce-targeted-subsidies-on-petrol-cooking-gas.html

Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by Salewa97: 9:30pm On Oct 16, 2024
The proposed subsidy is for all Nigerians abi?

Why are some people making it look like the proposed subsidy is only for the poor?

The price of fuel affects all, the proposed subsidy would also affect all.

What's the problem?
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by miiraaj: 9:32pm On Oct 16, 2024
As if they can do anything... undecided
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by Anither563: 9:38pm On Oct 16, 2024
The House of Representatives has asked the federal government to reverse the pump price of petrol and cooking gas through targeted subsidy.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by chrisxxx(m): 9:56pm On Oct 16, 2024
Thank you OK Chinda.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by trutharena: 12:18am On Oct 17, 2024
Targeted subsidy is a welcome idea.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by DeOTR: 12:27am On Oct 17, 2024
Islie:
Fuel Price Hike: Reps ask FG to introduce “targeted subsidies” on petrol, cooking gas


Last week, the pump price of petrol rose to N998 and N1,030 per litre after NNPC Limited announced the end of the sole off-taker arrangement with the Dangote Refinery.





https://www.premiumtimesng.com/news/top-news/745840-fuel-price-hike-reps-ask-fg-to-introduce-targeted-subsidies-on-petrol-cooking-gas.html

Nlfpmod
The National Assembly can also do that one from their bloated budget. Mumu people.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by SisterAnn(f): 12:43am On Oct 17, 2024
They will only ship out more trailer loads of rice to their cronies in states.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by stewiepeter: 1:09am On Oct 17, 2024
Salewa97:
The proposed subsidy is for all Nigerians abi?

Why are some people making it look like the proposed subsidy is only for the poor?

The price of fuel affects all, the proposed subsidy would also affect all.

What's the problem?
I am beginning to believe some nairalanders that you guys are bots that post things which do not make sense.

Why are you asking these questions?

He made a valid point: if something is not done urgently the rate of crime will become alarming.
Hard reforms is necessary but it needs to be done wisely, if not, it will consume the whole nation.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by Shadomaan7: 1:11am On Oct 17, 2024
The discussion should have been about the high price of diesel instead of cooking gas. Cooking gas is affordable now.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by IduNaOba: 2:39am On Oct 17, 2024
I thougt yall bragged that subsidy is gone?
Targeted or not, no more subsidy biko.
Let emilokan do his thing mehn...
T pain till 2096
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by gabbytabby: 6:01am On Oct 17, 2024
Wrong the progressive focus should be on improving electricity and promoting other sources of energy like solar and targeting saboteurs wherever they maybe.

The days of carrying cans looking for petrol to power generators should be progressively wound down. It’s so dangerous in any case.

Islie:
Fuel Price Hike: Reps ask FG to introduce “targeted subsidies” on petrol, cooking gas


Last week, the pump price of petrol rose to N998 and N1,030 per litre after NNPC Limited announced the end of the sole off-taker arrangement with the Dangote Refinery.





https://www.premiumtimesng.com/news/top-news/745840-fuel-price-hike-reps-ask-fg-to-introduce-targeted-subsidies-on-petrol-cooking-gas.html

Nlfpmod
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by tundegan: 6:42am On Oct 17, 2024
The government should not be pressured into any hasty decision. Let them take their time and analyze this situation before acting.

The people that are shouting now will be the same ones crying when the government finally implements the targeted subsidies.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by saintbillion(m): 10:02am On Oct 17, 2024
By the time I'm done. You won't recognize Nigeria and Nigerians again grin

Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by Lazy9jaYouth: 10:02am On Oct 17, 2024
"Targeted Subsidy" so we can raise another set of Otedolas?

Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by tuoyoojo(m): 10:03am On Oct 17, 2024
T pain done say subsidy don go

And if you complain he would not do anything

So what is the need

The only thing we can do is remove him in 2027

But that one is not happening till 2031
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by Eferich:
..
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by XtraFortunes: 10:03am On Oct 17, 2024
grin
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by MaziObinnaokija:
cool Pa EMILOKAN better listen and do the needful. Make Kyari his associates CRIMINALS nor ruin ur government. Reverse Gas,electricity, petrol price to where u meet am.

Those 🪜🪜🪜 carriers are busy going up/down looking for customers that tap direct light.If dem catch u,they'll remove ur meter/u settle
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by iwaeda: 10:03am On Oct 17, 2024
Islie:
Fuel Price Hike: Reps ask FG to introduce “targeted subsidies” on petrol, cooking gas



https://www.premiumtimesng.com/news/top-news/745840-fuel-price-hike-reps-ask-fg-to-introduce-targeted-subsidies-on-petrol-cooking-gas.html
Please are they planning to reintroduced subsidy that is gone. FG claimed they have removed VAT on cooking gas, the second day, it became N1500 per kg.We still importing fuel. grin grin grin grin grin
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by jaxxy(m): 10:03am On Oct 17, 2024
Another subsidy? instead of calling dangote and probing why fuel cost are higher than normal? criminals
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by CraigslistAD: 10:04am On Oct 17, 2024
grin

English!
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by ElevationD: 10:05am On Oct 17, 2024
While in the government of high taxation?

Now they have brought another language to infuse the gullible…”targeted subsidy”.

The federal government owns four refineries. Repair, dem no repair. Sell dem no sell. They deliver crude to Dangote, make themselves sole distributors of Dangote refined products, ensure that the exchange rate increases daily and still use their powers to block independent marketers from importing petrol at cheaper rates.

Nigerians are in for a long ride with APC.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by israelmao(m): 10:05am On Oct 17, 2024
Targeted subsidies.APC with deceptive semantics.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by Waylord6:
You see, all these suggested interventions are good. The only major problem is corruption.

I hope that if this targeted subsidy is introduced, it corrupted and rendered ineffective by Nigerians i.e.
government officials, NNPCL, marketers, truck drivers, politicians and any other stakeholder.

Corruption is the main problem....
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by Hezzyluv: 10:05am On Oct 17, 2024
grin
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by ruggedboych: 10:09am On Oct 17, 2024
foolish reps
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by lailo: 10:10am On Oct 17, 2024
All of una go die hot death (iku gbona). Awon oloriburuku gbogbo. They sha want to bring back this subsidy, their cash cow. Gbogbo yin ma sofo ni. E e ni Jere tomotomo.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by Christ4ever: 10:10am On Oct 17, 2024
Targeted looting.
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by zainabicy: 10:11am On Oct 17, 2024
laws are made for man, not man for laws

Sometimes I think this leaders are well-meaning.

This shows that when they made the Petroleum Industry Acts, they meant well, but if it’s not working , and the people are suffering, let’s do away with it.

Sometimes I read between the lines like this and think this politicians mean well.

Other times, the evidence is plenty that some of them are just blatant thieves.

I really dont know what to think anymore.

My honest Buhari cousin from the 4th uncle couldn’t move us forward, Tpain with his exceptional international Cv seems to be dragging us backward.

Allah na your hand we dey o
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by Segzy19: 10:11am On Oct 17, 2024
You see, all these suggested interventions are good. The only major problem is corruption.

I hope that if this targeted subsidy is introduced, it corrupted and rendered ineffective by Nigerians i.e.
government officials, NNPCL, marketers, truck drivers, politicians and any other stakeholder.

Corruption is the main problem....
Re: Fuel Price Hike: Reps Ask FG To Introduce “Targeted Subsidies” On Petrol, Gas by DeLaRue:
Government should not yield.

This is Nigeria's opportunity to get rid of the fraudulent petrol subsidy. Though I do feel sorry for those in the North who have to pay more for petrol than we do in the South.

I would support that the government pays some kind of equalisation subsidy so we all buy petrol at more or less the same price, but then again, a few people will sit in the corner and chop most of the money. And before we know it, what is supposed to be a small subsidy will balloon beyond proportion.

Instead, the government should subsidise agriculture and health and send monthly maintenance money to the elderly,
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