Worried by the rising cost of goods in the country, the House of Representatives on Wednesday constituted a community to urgently investigate the situation.
This is coming after a member of the All Progressives Congress, Ibrahim Isiaka moved a motion of urgent on the rising cost of goods and services in Nigeria, and demanded the parliament to intervene.
Speaking on the matter, a member of the opposition Peoples Democratic Party, said President Muhammadu Buhari-led government had failed in catering for the wellbeing of the citizens.
The House, however, directed the leadership to constitute a high-powered special committee to launch an investigative hearing with all critical stakeholders in the country and “carry out a root-cause analysis on the rising cost of living.”
The committee is to also initiate policies needed for addressing the “skyrocketing prices of goods and services in the country,” while engagement with captains of industries, trade unions associations, boards of directors, Manufacturers Association of Nigeria and other promoters in the economic sector, on ways to drastically reduce prices of goods and services in the country as well as “any other strategies that can mitigate the effect of the current inflation in the country.”