Nigerians may pay additional
N5 on petroleum price if the current National Roads Fund bill before the House
of Representatives is passed into law.
The N5 increase is part of recommendations of a
technical committee set up by the House Committee on Works, chaired by Rep Toby
Okechukwu (PDP, Enugu).
The technical committee, chaired by Chris Okoye, was
in November given the task of drawing a report to be reviewed and considered by
the House.
The National Road Fund, when established, is to serve as a repository of revenues from road user-related charges and other sources for financing to be managed and administered for routine and periodic maintenance works on Nigerian roads.
Thus, as part of the sources for
the fund, the committee recommended that “fuel levy of N5 chargeable per litre
on any volume of petrol and diesel products imported into Nigeria and on
locally refined petroleum products.”
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