Reps list conditions for deregulation – The Guardian
November 18, 2009 by Bunmi Awolusi
The House of Representatives yesterday, in principle, accepted the proposed deregulation of the downstream sector of the oil industry. It advised that steps should be taken to cushion its negative effects while due process should be followed.
The resolution followed a motion by the Minority Leader, Mohammed Ali Ndume, on the deregulation of petroleum products’ pricing and others. He told the House that the Executive arm of government, through the Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) had been engaging Nigerians in war of words though the National Assembly that has the right to make laws for the entire country was yet to pass any law on it. “This motion is a simple and straight-forward matter. We have a constitutional responsibility.”
