The House of Representatives has urged the Federal Government through the Ministry of Commerce to re-establish a Price Control Board in the 36 states of the
The Boards, according to the Green Chamber should impose zero duty on agricultural products for a period of five years to encourage agricultural growth and reduce the burden on farmers, increase food production and make available to all and sundry.
The Boards will equally oversee the price of petroleum products including Premium Motor Spirit, Automotive Gas Oil and Kerosene; Dremiua, and ensure zero VAT on petroleum products to directly reduce the cost of transportation and living standards. Moving the motion, Jallo noted the existence of Price Control Act to ensure that goods are sold at government approved prices to stabilise the general price level, prevention of hoarding of goods, protection of customers from exorbitant prices.The lawmaker also lamented the current rising price of goods Petroleum and agricultural Products in Nigeria with its attendant effect on goods and services.
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