The House of Representatives has resolved to investigate the rise in the cost of diesel and cooking gas with a view to cushioning the effects on Nigerians.Moving the motion, Mr Okafor said that the Nigeria Mainstream and Downstream Petroleum Regulatory Authority was created in August 2021 in line with the Petroleum Industry Act.
According to him, almost all businesses and households in Nigeria depend on diesel-powered generators as an alternative source of electricity. “The hike in the cost of diesel is alleged to be the handiwork of unscrupulous stakeholders in the industry, and is tantamount to economic sabotage.“The hike is causing untold hardships to Nigerians as it will result in an increase in prices of food as well as other goods and services.
Source: Financial Digest (financialdigest.net)
2015 Buhari & APC was shouting diversification as if there are sincere about it. 7 years counting what have they diversify - scarcity of fuel, ASUU on strike, Insecurity & power failure. 2022 We still struggle to generate electricity, we need to diversify Buhari out of power.
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