Revealed! Rep seeks to implement 5% road user charge

• The Managing Director of FERMA, Engr. Emeka Agbasi, was questioned by a House of Representatives advertisement hoc committee implicit non-compliance by authorities agencies successful remitting the 5% idiosyncratic charge
• The committee urged applicable authorities to supply information connected petroleum imports and gross from the charge, highlighting the urgent request for backing to amended Nigeria’s deteriorating roads
• Officials, including the Minister of State for Works, stressed that the idiosyncratic complaint is captious for financing roadworthy repairs, portion respective agencies were asked to taxable documents connected their postulation of the interest astatine a follow-up meeting

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

The Managing Director of the Federal Roads Maintenance Agency (FERMA), Engr. Emeka Agbasi, has been questioned by an advertisement hoc Committee of the House of Representatives regarding non-compliance by Ministries, Departments, and Agencies (MDAs) of the Federal Government of Nigeria (FGN) concerning the remittance of a 5% idiosyncratic complaint connected petroleum products.

MD of FRMA lamented that determination is insufficient backing for the bureau to code the mediocre authorities of the roadworthy sector. Photo Credit: FG
Source: Getty Images

At the National Assembly, the MD of FERMA and different authorities organisations progressive successful the lipid manufacture were questioned by the president of the House Committee, Hon. Francis Waive, and different committee members.

According to the caput of the House subcommittee, the nationalist has consistently expressed interest astir the 5% idiosyncratic complaint connected petroleum supplies utilized for roadworthy maintenance. He added that everyone successful Nigeria should beryllium acrophobic astir the information of the country’s roads.

He urged the due lipid and state industry authorities to supply the investigative sheet with accusation connected the measurement of petroleum products imported since the FERMA Act 2007’s inception, arsenic good arsenic the gross generated from the 5% idiosyncratic charge.

Engr. Emeka Agbasi, the agency’s managing director, responded by saying that the bureau has been waiting for the implementation of the 5% idiosyncratic complaint for the past eighteen years. He lamented that determination is insufficient backing for the bureau to code the mediocre authorities of the roadworthy sector, adding that the implementation of the 5% idiosyncratic complaint connected petroleum products volition person a immense interaction connected the roadworthy sector.

He said that galore authorities agencies are not compliant with the provisions of the FERMA Act 2007 connected the roadworthy idiosyncratic charge, adding that this is not caller and is applicable successful different countries.

Daily Sun reported that during a presentation, Bello Mohammed Goronyo, the Minister of State for Works, besides stated that repairing 36,000 quadrate kilometres of roads crossed the state requires 880 cardinal naira each year. According to him, the 5% idiosyncratic interest was created arsenic a semipermanent financing root to code the nation’s mediocre roadworthy conditions.

FERMA MD said galore authorities agencies are not compliant with the provisions of the FERMA Act 2007. Photo Credit: Contributor
Source: Getty Images

Members of the House advertisement hoc Committee, including Hon. Dauda Yanpan, demanded documents from the due agencies liable for regulating the lipid manufacture regarding their postulation of the 5 percent idiosyncratic interest for roadworthy maintenance.

The Nigerian National Petroleum Corporation Ltd, the Federal Ministry of Finance, the Federal Ministry of Petroleum Resources, the Office of the Attorney-General of the Federation, the Minister of Justice, and lipid trading companies were besides invited by the president of the House Committee to taxable their documents connected the 5% idiosyncratic complaint astatine the panel’s consequent meeting.

Nigeria has cheapest petrol successful West Africa successful 2025

Legit.ng reported that Petrol prices successful West African countries amusement a monolithic disparity successful 2025, with Nigeria having the lowest cost astatine $0.55 oregon N870 per litre.

Despite substance subsidy removal successful 2023, Nigeria’s increasing refining capacity, particularly the monolithic Dangote Refinery, has helped to stabilise prices.

In opposition to different West African countries specified arsenic Mali and Sierra Leone, wherever petrol imports person continued, petrol prices person soared, widening the terms spread and reshaping household spending and determination substance commercialized dynamics.

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Source: Legit.ng