The Senate has assured Nigerians that it was doing necessary oversight activities to ensure that there is no hike in petroleum pump price and electricity tariff despite the falling value of the naira against major world currencies.
The Chairman, Senate Committee on Media and Public Affairs, Senator Yemi Adaramodu, gave the assurance in an interview with journalists in Abuja.
He was reacting to what the Senate was doing to arrest the current fears over possible hike in electricity tariff and pump price as a result of the high landing cost of petroleum and indebtedness of the federal government to the electricity generating firms.
The Minister of Power, Adebayo Adelabu, last week said that Nigeria was not likely to sustain the current electricity subsidy.
He explained that the indebtedness of the country’s power sector to electricity Generating Companies (GenCos) and gas companies had risen to over N3 trillion.
It had also been reported in the Media that due to the prevailing black-market rate of about N1,600 per dollar, the landing cost of petrol had soared to about N1,009 per litre, marking a substantial increase from N720 per litre recorded in October 2023.
However, the Senate said it was doing everything possible to ensure that Nigerians would not pay through their nose to enjoy electricity and petrol.
“The issue of petroleum matter and that of power, especially the two, one, if you can just recall, the Senate, especially has instituted committee probes into the activities of the Nigerian National Petroleum Corporation Limited (NNPC) and even the oil sector generally and then we are awaiting the reports.
“The reports will determine our own approach to what we are going to advise or what we are going to compel the executive to do about this issue.
“On the issue of power too, a minister can come out and say whatever he would like to say, which is as it applies to his ministry but the minister is not the last voice on such issues.
“The presidency is there and even our own side, we have a committee solely responsible for power matters. Appropriately, those committees will swing into action and then, they will brief the Senate accordingly and from their briefing, we would take a position.
“When these committees swing into action, it’s not going to be the committee members alone that will be thinking and be talking. They are going to meet with very critical stakeholders and users of electricity, which are Nigerians, and users of petroleum products, which are Nigerians too and then from there, we take it up.
“What I want to assure Nigerians is that the 10th Senate will not abandon them because it means that we have abandoned ourselves. We are not here on our own.
“There’s nothing that happens to one Nigerian that does not happen to us and because of that, we feel it even more than any other person because we are the very close people to our people,” he added.
Adaramodu also explained that the Senate would intervene appropriately on the planned strike by the Nigeria Labour Congress (NLC).
He said: “On the issue of the NLC strike, we learnt that the federal government has been meeting with them. They will reach an agreement and then whatever agreement they reach, we expect that it will be expeditiously adhered to.
“Whatever is promised or pledged is or are given to the Nigerian workers, not only to the Nigerian workers, to the Nigerian populace as a whole so that we can have a very good lease of life and that life can go on peacefully economically manageably for our citizenry,” he added.
Sunday Aborisade
Follow us on:
President Bola Tinubu on Friday declared that his purpose for seeking the nation's number one…
Kano state government is partnering Tony Blair Institute for Global Change to attract $23.5 million…
Nigeria's federal government has said it is currently reviewing the nation’s legal frameworks, among other…
The Nnamdi Azikiwe International Airport, Abuja, and the Port Harcourt International Airport have been recognised…
https://cdn.veri.app/13646108-d5ec-478b-a54c-b01f60dbca29.mp4 President Bola Ahmed Tinubu On Thursday directed Vice President, Kashim Shettima to lead Nigeria’s…
The United Sates (US) Vice President Kamala Harris has expressed her willingness to use her…
View Comments
get a car of your choice at a minimum price E-AUCTION E-AUCTION E-AUCTION E-AUCTION E-AUCTION Some Auction Vehicles/Cars For Sale
Mama Africa #17,000 •Tomatoes Rice # *15,000* •Cap Rice #15,000 •My Food #17,000 •Mama Gold #17,500 •Ade Brazil #15,000 •Elephant Gold #15,000 •Royal Umbrella #15,000 Etc.
Golf3= 500,000.
Camry Tinny-Light=500,000.
Tundra 1,300,000
Toyota Exterra=850,000
Toyota Camry big daddy=650,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=1.3million
TOYOTA HILUX=2million
Toyota Sienna=850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= 700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Tacoma 1.850,000
Toyota Hiace Bus=950,000
Toyota Tundra=1.5million
Toyota Sequola=900,000
BMW 5-series=1.960,000
BMW 3-series=1.640,000
BMW X6=2.670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Dyna Truck 900k
TIPPER Head 6mill
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=N1.300,000
Benz C300=1.6MILLION
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=2.6million
Mercedes-Benz C-Class ₦1.3Million
Mercedes-Benz E-Class ₦1.8Million
Mercedes-Benz GLK ₦3.Million
Es330 1.6
Lexus C5 350=950,000
IS250 1m
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Is350 2mill
Gx470 1.8mill
Lexus Rx350= 2 million
ES350 2mill
Land Rover Discovery ₦3.2Million
Land Rover Freelander ₦3.6Million
Land Range Rover Sport ₦4Million
Acura MDX ₦1.8Million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
.....
((08166185400) (+234_915__6089_111)