… Opposition Seeks Transparency On Economic Policy Effects
Lawmakers from the Peoples Democratic Party (PDP) have called for a parliamentary investigation into the impact of the fuel subsidy removal implemented by President Bola Tinubu’s administration.
The motion, raised during a recent plenary session, demands a detailed report on the policy’s effects on inflation, transportation costs, and household incomes, particularly in rural areas.
Led by a group of PDP representatives, the lawmakers argue that the removal, part of broader economic reforms, has exacerbated hardship without delivering promised benefits like improved infrastructure.
They seek data on palliative measures, including wage increases and CNG bus initiatives, to assess their reach and effectiveness.
The opposition’s push follows public complaints about rising living costs, with some citizens reporting a doubling of transport fares.
The ruling All Progressives Congress (APC) lawmakers countered that the probe is politically motivated, asserting that economic stabilization is underway.
The Speaker referred the motion to the House Committee on Finance for review, with a report expected within weeks. Economic stakeholders have welcomed the scrutiny, urging transparency in subsidy savings utilization.
The debate has intensified ahead of the 2027 elections, with the PDP aiming to capitalize on public discontent. Community leaders in affected regions support the probe, hoping it will lead to policy adjustments.
