Skip to content
July 25, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Senate steps down action on Road Fund Bill; NUPENG happy
  • Business & Economy

Senate steps down action on Road Fund Bill; NUPENG happy

Admin June 8, 2017

Following public outrage, the Senate on Thursday stepped down deliberation on the National Roads Fund Establishment Bill which would ultimately have added to the rising cost of living in the country. The senate, at its plenary on Thursday, stepped down further consideration of the report on the bill; it asked the Committee on Works to make further consultations on it.

The committee had specifically recommended multiple taxes, including a N5 levy on every litre of petrol and diesel imported or refined in the country. The Senate feared this would push up the cost of fuel and worsen the already bad situation for Nigerians.

The Senator Kabiru Gaya-led Committee also recommended the deduction of 0.5 per cent on fares paid by passengers travelling on inter-state roads to commercial mass transit operators as well as the return of toll gates on all federal roads, among others.

The action of the Senate earned it a commendation by the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG). Alhaji Tokunbo Korodo, the South-West Chairman of NUPENG, thanked the Senate for staying action on the bill.

Korodo said that the resolution had shown that the upper chamber of the National Assembly was listening to outcry of the masses as regard the proposed bill.

“It is a welcome development and we really appreciate their gesture.

“It has shown that the senate is listening to complaints of the masses”.

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar newsticker recommended

Post navigation

Previous Nigeria plans to raise $1.2 billion for refineries: Kachikwu
Next UK Election: Exit Poll Shows Theresa May Not Be

Related Stories

NCC, REA sign MoU to expand telecoms, electricity access in rural communities Hackers
  • Business & Economy

NCC, REA sign MoU to expand telecoms, electricity access in rural communities

July 24, 2026
Samsung unveils new Galaxy Z Fold8 Series, pre-order now available on Konga
  • Business & Economy

Samsung unveils new Galaxy Z Fold8 Series, pre-order now available on Konga

July 24, 2026
DG Budget Office explains why fake agency PFIPC account with CBN was never funded
  • Business & Economy

DG Budget Office explains why fake agency PFIPC account with CBN was never funded

July 24, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

NCC, REA sign MoU to expand telecoms, electricity access in rural communities Hackers
  • Business & Economy

NCC, REA sign MoU to expand telecoms, electricity access in rural communities

July 24, 2026
Director says cholera claims 13 lives, 534 treated in Borno LGA federal capital territory
  • National News

Director says cholera claims 13 lives, 534 treated in Borno LGA

July 24, 2026
NICASA condemns alleged killing of Nigerian Chika Ibe in South Africa
  • International News

NICASA condemns alleged killing of Nigerian Chika Ibe in South Africa

July 24, 2026
Nigerian Navy Seizes MT FILIA, Arrests 12 Crew Over Illegal Crude Oil Siphoning Naval rating arrested
  • National News

Nigerian Navy Seizes MT FILIA, Arrests 12 Crew Over Illegal Crude Oil Siphoning

July 24, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.