National Roads Bill: Senate Wants Nigerians To Pay N5 More For Every Litre Of Petrol, Diesel

A Senate panel has recommended that Nigerians should pay a N5 levy on each litre of petroleum product imported into the country.

A bill to that effect is already in the Senate.

The bill that will compel motorists to pay N5 on each litre of ‎petrol and diesel is titled: “National Roads Bill.”

It was presented by the Chairman, Senate Committee on Works, Kabiru Gaya.

The N5 levy on each litter will be part of sources of revenues for the proposed National Roads Fund.
The Red Chamber will next week begin the clause by clause consideration of the report presented by the Senate Committee on Works.

‎The bill reads in part:”There shall be a road fund charge of 0.5 per cent on the assessed value of any vehicle imported at any time into Nigeria. There shall be lease, license or other fees which shall be 10 per cent of the revenue accruing from lease or license or other fees pertaining to non-vehicular road usage along any federal road and collected by the Federal Roads Maintenance Agency‎.

“Fuel levy of N5 chargeable per litre on ‎any volume of petrol and diesel products imported ‎into Nigeria and on non-locally refined petroleum produc‎ts.

“International vehicle transit charges.”

The bill will by implication affect all users of petrol and diesel, including industries.