News

Nigerian Senate steps down bill proposing petrol levy

DIESEL-696x463

The The Senate has stepped down consideration of the report on the National Roads Fund Establishment Bill, which has been generating controversy since it was presented by the Senate Committee on Works on June 1.

The Kabiru Gaya-led committee is through the bill seeking a N5 levy on every litre of Premium Motor Spirit (petrol) and Automobile General Oil (diesel) imported or refined in the country to be able to raise funds in maintaining roads in the country.

Also recommended is the deduction of 0.5 per cent on fares paid by passengers travelling on inter-state roads to commercial mass transit operators and return of toll gates on federal roads, among others.

But during plenary on Thursday, the upper legislative chamber requested the Committee on Works to make “further consultations” on it.

Several lawmakers, who spoke on the recommendations, particularly the N5 levy on petroleum products, expressed their reservations.

At the end of the debate, it was agreed that the panel should do more work before re-presenting the bill to the chamber.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

To Top