As part of ongoing efforts to address the hardships faced by the citizenry, the House of Representatives has called on the authorities to reactivate the Price Control Board of Nigeria.

The decision followed the adoption of a motion initiated by Hon. JESESS OKEY-JOE ONUAKALUSI at the plenary presided over by the Deputy Speaker of the House, BENJAMIN KALU.

The lawmaker said it’s unfortunate that marketers have taken the law into their own hands by increasing the prices of commodities with impunity and to the detriment of consumers due to the absence of the price control board.

He argued that the situation must not be tolerated because the take-home pay of Nigerian civil servants cannot cope with the increase in the prices of commodities on a daily basis.

Hon. ONUAKALUSI said that as things stand, leaving the prices of commodities at the marketer’s discretion would continue to affect mostly low-income earners and also increase crime.

The House therefore mandated its Committee on Commerce to investigate the daily increase in prices of commodities in the country at random and report back within four weeks for further legislative action.