House of Representatives in Commotion Over Oil Subsidy Removal As Members Chant "All We Are Saying, Save Nigeria!"

The House of Representatives chambers was in chaos as members, split along party lines, are debating the new deregulation of the oil sector and the removal of oil subsidy that has led to the increase of the pump price of petrol from N86.50 to N145 per liter.

PDP lawmakers are said to be angry with their APC counterparts for staging Occupy Nigeria protest in 2012 when the Goodluck Jonathan led government attempted to remove the oil subsidy.
The lawmakers are expecting the Minister of state for Petroleum resources, Ibe Kachikwu, who they have summoned to appear before them to explain the reason behind the recent removal of oil subsidy.

Femi Gbajabiamila, leader of the house, had moved the motion for the lower legislative chamber to admit Kachikwu into its fold.

Petrol Price’ll Go Down In Six Months Says Minister of State for Petroleum Resources, Dr. Ibe Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigerians will be amazed at what will become of the price of Premium Motor Spirit in the next six months.

The Federal Government had on Wednesday announced the removal of fuel subsidy, with a new petrol price band of N135 to N145 per litre, up from N86 and N86.50.

The development has been greeted with mixed reactions, with labour vowing to protest against it.

Kachikwu, who spoke on Thursday morning on Channels at the Sunrise Daily programme which was monitored by our correspondent, said the move was necessary in order put an end to fuel scarcity in the country.