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Reps Reject Call For Suspension Of New Fuel Price Of N617
House of Representatives on Wednesday resolved to set up an ad-hoc committee to look into the continued increase in fuel pump prices, especially the recent one.
They will also look into the proposed palliative measures to be taken to ameliorate the sufferings of Nigerians.
The resolutions followed a motion of urgent national importance titled “The need to investigate the incessant increase in fuel pump price” moved at the plenary by Hon. Ikenga Ugochinyere.
Moving the motion, Ugochinyere noted that the incessant hike in fuel prices has in turn caused hardship for Nigerians.
READ ALSO: Fuel Price Hike: You’re Pushing The Patience Of Nigerians, FG Told
According to him, the high cost of transportation will in the coming days lead to a hike in food prices in the market, stressing that the increase will bring untold hardship to the people.
He said: “Mr Speaker, this is the people’s House and we represent the Nigeria people, very soon, with the way things are going, fuel will be sold for 1,000 per litre.
“On Tuesday 18th July, 2023 Petrol Pump Price was increased from N537 to N617 by Petrol marketers, without conferring with the relevant government agencies.
“In view of the current socio-economic challenges being faced by Nigerians, a hike in the price of fuel will heap great suffering and hardship on Nigerians.”
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Incidentally, an amendment moved by another lawmaker asking the House to direct the NNPCL to suspend the new pump price of N617 and revert to the old price of N540 was put to vote by the presiding officer, Rep. Benjamin Kalu, but the lawmakers unanimously rejected the amendment by shouting ‘nay’.
The Deputy Speaker who presided over the plenary had said that the amendment would not be taken because they would not want to pre-empt what the ad-hoc committee’s investigation would be.
“I think on this issue, the market forces are reacting based on the fuel subsidy removal. Even though I would put the question, I do not want us to pre-empt what the committee would do. Let’s allow the committee to investigate and get back to the house on the matter”, Kalu said.
Adopting the motion after a favourable voice vote, the House therefore resolved to summon the Group Managing Director, GMD, NNPCL, Mr Mele Kyari in a bid to look into the incessant increments in fuel prices.
The Committee was given 4 weeks to conclude the investigation and report back to the House for further legislative action.
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JUST IN: Ooni Visits Olubadan-designate Ladoja In Ibadan
The Ooni of Ife, Oba Enitan Ogunwusi, on Sunday, paid a visit to the Olubadan designate, Rashidi Ladoja, at his Bodija private residence in Ibadan, Oyo State.
The PUNCH reports that Oba Ladoja will be installed as the 44th Olubadan on Friday, September 26, 2025, following the demise of the 43rd Olubadan, Oba Owolabi Olakulehin, who joined his ancestors on Monday, July 7, 2025, at the age of 90 years.
READ ALSO:Ladoja Coronation Date As 44th Olubadan Revealed
The two paramount rulers are currently exchanging pleasantries.
Details later…
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JUST IN: FG Revokes 1,263 Mineral Licenses Over Unpaid Fees
The Federal Government through the Ministry of Solid Minerals Development has announced a fresh revocation of not less than 1,263 mineral licenses.
These licenses, which will now be deleted from the Electronic Mining Cadastral System portal of the Nigerian Mining Cadastral Office, include 584 exploration licenses, 65 mining leases, 144 quarry licenses, and 470 small-scale mining leases.
The minister of Solid Minerals Development, Dele Alake, gave the revocation announcement in a statement issued by his special assistant on Media, Segun Tomori, on Sunday in Abuja.
The minister explained that the directive was issued due to the companies’ failure to comply with the requirement of paying their annual service fees.
The latest revocation brings the total mineral titles revoked under the current administration to 3, 794 including,619 mineral titles revoked for defaulting in paying annual service fees and 912 for dormancy last year.
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By opening up the areas formerly covered by these licenses, the revocation is expected to spur fresh applications by investors looking for fresh opportunities.
The statement read, “Not less than 1,263 mineral licenses will be deleted from the portal of the Electronic Mining Cadastral system of the Nigerian Mining Cadastral Office, MCO, following their revocation by the Federal Government.
“These include 584 exploration licenses, 65 mining leases, 144 quarry licenses, and 470 small-scale mining leases.”
Approving the revocation following the recommendation of the MCO, the Minister said applying the law to keep speculators and unserious investors away from the mining sector would make way for diligent investors and grow the sector.
“The era of obtaining licences and keeping them in drawers for the highest bidder, while financially capable and industrious businessmen are complaining of access to good sites, is over.
READ ALSO:FG Gives Mining Firms Deadline For Community Agreements
“The annual service fee is the minimum evidence that you are interested in mining. You don’t have to wait for us to revoke the license because the law allows you to return the license if you change your mind,” the minister said.
He warned that the revocation does not mean the Federal Government has pardoned the annual service debt owed by licensees, adding that the list will be forwarded to the Economic & Financial Crimes Commission to ensure that debtors pay or face the wrath of the law.
“This is to encourage due diligence and emphasise the consequences of inundating the license application processes with speculative activities.”
In the recommendation to the minister, the Director-General of the MCO, Simon Nkom, disclosed that there were 1,957 initial defaulters when the MCO published the intention to revoke licences in the Federal Government Gazette on June 19, 2025.
He informed the minister that the gazette was distributed to MCO offices nationwide to sensitise licencees and encourage them to comply within 30 days in compliance with the Minerals and Mining Act 2007 and relevant regulations.
READ ALSO:FG Gazettes New Tax Reform Laws
He observed that the delay in the final recommendation was due to complaints of several licensees who claimed to have paid to the Federal Government through Remita and had to be reconciled.
Earlier this month, the DG MCO had hinted that more mining licences would be revoked as part of ongoing efforts to sanitise the solid minerals sector and protect investors from fraudsters.
According to Nkom, the clean-up exercise, which covers expired, speculative, and inactive titles, is necessary to make room for genuine investors and ensure compliance with the law.
This is part of ongoing efforts at sanitising the sector since the inception of the Tinubu administration, and the salutary effects of the reforms are massive and manifest despite the attempts to push back by defaulters and their agents.
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