Reps to probe rising cost of food, goods, services in Nigeria
The committee has the mandate to investigate the rising cost of living in the country.
The House of Representatives has set up a special committee to investigate the high cost of food items and commodities in the country.
The committee, which was set up on Wednesday, is to be chaired by the Deputy Leader of the House, Peter Akpatason (APC, Edo).
The setting of the committee followed the adoption of a motion moved by Ibrahim Isiaka (APC, Ogun).
The mandates of the committee are as follows; “To launch an investigative hearing with all critical stakeholders in the country and carry out the root cause analysis on the rising cost of living.
“Initiate policies needed for addressing the skyrocketing prices of goods and services in the country.
“Engagement with Captain of Industries, Trade Unions Associations, Board of Directors, Manufacturers Association of Nigeria (MAN) and others promoters in the economic sectors, on ways for a drastic reduction in prices of goods and services in the country.
“Any other strategies that can mitigate the effect of the current inflation in the country.”
Alarming rise in food prices
PREMIUM TIMES had reported the continuous fall in the country’s inflation figure, but despite the data, prices of food commodities continue to rise.
Nigeria’s inflation slowed in August for a fifth straight month to 17.01 per cent.