New Bill won’t lead to fuel price hike — Saraki
http://ift.tt/eA8V8J By Victor Ahiuma-Young & Demola Akinyemi …As NUPENG blasts Senate over planned N5 petrol levy I LORIN —THE Senate President Dr. Bukola Saraki, weekend said the proposed National Road Fund Bill recommendation by the Senate committee on Works, would not lead to any increase in the current pump price of fuel. This came as Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, condemned the Senate recommendation for a N5 levy on fuel price, saying it would make the price of a litre petrol to sell above N145.00. Saraki, who made the clarification while speaking with newsmen in Ilorin, Kwara State after the breaking of fast, also said the Senate would this week discuss a motion on the interest rates being charged by commercial banks on loans to customers, particularly entrepreneurs who borrowed funds to stay afloat and contribute to the National Gross Domestic Product, GDP. According to him: “This is an opportunity to clarify the inaccurate reporting....