Random Pagan Verse:
Many a girl when one gets to know her
Proves to be fickle and false:
That treacherous maiden taught me a lesson,
The crafty woman covered me with shame";
That was all I got from her.

Author Topic: Nigerian Senate scraps FERMA  (Read 579 times)

Offline legendguru (OP)

  • Global Moderator
  • Hero Member
  • *****
  • Date Registered: Sep 2015
  • Posts: 1077
  • Karma: +1/-0
    • View Profile
Nigerian Senate scraps FERMA
« on: June 09, 2017, 12:55:29 AM »
Loading...


The Senate on Thursday passed a Bill scrapping Federal Road Maintenance Agency (FERMA) and replaced it with Federal Roads Authority (FRA).

The bill, sponsored by Senator Kabiru Gaya (Kano-APC), was read for the third time at plenary before it was passed through a unanimous vote by the senators.


 The Senate, however, rejected the report on National Road Funds, stepping it down for further legislative action. The proposed Road Funds Bill has generated controversy over alleged plans to introduce additional N5 fuel levy as one of the major sources of financing the fund. Speaking in favour of the bill, Gaya explained that it would “provide a predictable funding for roads in Nigeria.” He said that it would create environment for effective participation of public-private-partnership.

 The lawmaker said the idea of road funds was not new, citing examples from countries like Tanzania, Kenya, Ghana, Malawi, Togo and United States where funds were generated from fuel levy. According to him, Nigeria can generate N94 billion annually from fuel levy to help fund roads in the country. He said that the levy would be paid directly into signatory account of the National Road Funds, adding that Nigeria Customs Service would be responsible for the remittance.

 In his contribution, Sen. Kabiru Marafa (Zamfara-APC) said it was not entirely correct that the proposed N5 fuel levy was captured in the industry’s template. Marafa said that the plan to introduce N5 fuel levy would further put pressure on an already stressed petroleum downstream sector and cause hardship for the people. He advised the Committee on Works to explore other areas such as toll fee or any other road taxes, cautioning strongly against fuel levy in whatever guise.

In his remarks, Deputy President of the Senate, Ike Ekweremadu, who presided at plenary, said the Senate had no plan to increase pump price of petroleum products. The report was subsequently stepped down to enable other relevant committees go through the content of the Bill.


 

 

Nigerian PDP Slams INEC , 2019: We have lost confidence in INEC

Started by yungcrux

Replies: 0
Views: 349
Last post February 21, 2018, 01:43:43 AM
by yungcrux
Nigerian National Drug Law Enforcement Agency NDLEA' nabbed notorious drug baron

Started by internet police

Replies: 0
Views: 364
Last post September 13, 2015, 04:50:27 PM
by internet police
Nigerian terror group Boko Haram repledged allegiance to ISIS group in new video

Started by mastercode

Replies: 0
Views: 317
Last post October 07, 2015, 08:50:13 PM
by mastercode
President Obama Invites Nigerian President Buhari To White House

Started by admin

Replies: 0
Views: 313
Last post June 26, 2015, 09:17:55 AM
by admin
Buhari's first Nigerian President to stay at U.S President?s oficial guest house

Started by mastercode

Replies: 0
Views: 293
Last post July 20, 2015, 03:08:14 PM
by mastercode
Nigerian FG officially removed fuel subsidy, fuel will now sell for 145 naira

Started by admin

Replies: 0
Views: 264
Last post May 12, 2016, 06:14:32 PM
by admin
Nigerian FG recovers N1.6 Billion illegal bank charges from commercial bank

Started by yungcrux

Replies: 0
Views: 9118
Last post May 04, 2018, 01:10:34 AM
by yungcrux
Kinsmen Named Outgoing Nigerian President Jonathan "A prodigal son"

Started by mastercode

Replies: 0
Views: 696
Last post May 21, 2015, 02:13:01 AM
by mastercode
Nigerian First Lady Aisha Buhari jets to London to visit President Buhari

Started by internet police

Replies: 0
Views: 383
Last post July 03, 2017, 01:03:46 AM
by internet police
Cameroon soldiers kill 27 Boko Haram militants, escort back Nigerian troops

Started by mastercode

Replies: 0
Views: 424
Last post August 28, 2014, 01:41:55 PM
by mastercode