Reps to investigate arbitrary increase in prices of commodities

The House of Representatives has resolved to investigate the daily increase in prices of commodities in the country.

This followed the adoption of a motion by presented by a lawmaker from Delta State, Jesess Onuakalusi, at Thursday’s plenary in Abuja.

Onuakalusi, who led the debate on the motion, said the price control board had abandoned its responsibility of controlling commodity prices to the marketers at the detriment of consumers.

He lamented that workers have not been increased, but the country was witnessing daily increases in prices of commodities.

‘’The responsibility of the price control board is to regulate the prices of all commodities in Nigeria,’’ the lawmaker noted.

READ ALSO: Food inflation soars as prices of foodstuffs increase

He said the marketers’ arbitrary increase of commodities prices was affecting low-income earners.

Onuakalusi warned that individuals who could not afford expensive things would resort to other means or steal.

He also decried the inability of the price control board to address the arbitrary increase in the price of commodities by businessmen.

Adopting the motion, the House mandated the Committee on Commerce to investigate the daily increase in prices of commodities in the country and present its report within four weeks for further legislative action.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now