The Senate will next week consider a bill to make Nigerians pay more for fuel.
The bill recommends that Nigerians pay a N5 levy on each litre of petroleum product imported into the country.
The proposed law, which is entitled ‘National Roads Bill’, was presented by Chairman, Senate Committee on Works, Kabiru Gaya.
The N5 levy on each litre of petrol or diesel will be part of revenue sources for a proposed national roads fund.
”There shall be a road fund charge of 0.5 per cent on the assessed value of any vehicle imported at any time into Nigeria. There shall be lease, license or other fees which shall be 10 per cent of the revenue accruing from lease or license or other fees pertaining to non-vehicular road usage along any federal road and collected by the Federal Roads Maintenance Agency,” the bill reads.
“Fuel levy of N5 chargeable per litre on any volume of petrol and diesel products imported into Nigeria and on non-locally refined petroleum products, international vehicle transit charges.”
If the bill is passed and signed into law, all users of petrol and diesel, including industries will pay more for fuel.
More from Ships & Ports
We pay for your stories! Do you have a story for Ships & Ports? Email us at email@example.com or call 0810 359 4873. You can also WhatsApp us here. We pay for videos too. Click here to upload yours.
Copyright Ships & Ports Ltd. Permission to use quotations from this article is granted subject to appropriate credit given to www.shipsandports.com.ng as the source.