Human rights activist, Femi Falana (SAN), has revealed why the Petroleum Products Pricing Regulatory Agency (PPPRA) lacks the ‘constitutional power’ to determine the prices of petroleum products in Nigeria.
The cerebral lawyer during an interview with Vanguard on Monday, faulted the attempted announcement of petrol price by PPPRA claiming the decision was ‘unconstitutional’ as the price determination ought to have been done by market forces.
“With respect to the attempted fuel hike by PPPRA which has no power whatsoever to make the announcement accredited to it, I was made to understand based on security report that Nigerians were prepared to challenge the increase before the government came out to apologise.
“But as far as I’m concerned, the government is nearly buying time because the International Monetary Fund (IMF) has insisted that the prices of fuel be determined by the so-called market forces.
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