As Nigerians witness daily increase in prices of commodities, the House of Representatives has mandated its Committee on Commerce to investigate the daily increase in prices of commodities in the country…..READ THE FULL ARTICLE HERE
This followed the adoption of a motion by Jesess Onuakalusi (PDP-Delta) on ”the Need to Awaken Price Control Board of Nigeria to its Constitutional Responsibilities” at plenary on Thursday.
Presenting the motion, Onuakalusi said that the price control board had abandoned its responsibility of controlling commodity prices to the marketers at the detriment of consumers.
‘’The responsibility of the price control board is to regulate the prices of all commodities in Nigeria,’’ he said.
He expressed worry that the board had not taken action on the arbitrary increase in 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 report within four weeks for further legislative action.
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