The House of Representatives has mandated the Committee on Commerce to investigate the daily increase in prices of commodities in the country.
This followed the adoption of a motion by Representative Jesess Onuakalusi, PDP-Delta on the Need to Awaken Price Control Board of Nigeria to its Constitutional Responsibilities, at plenary today.
Presenting the motion, Onuakalusi said that the price control board had abandoned its responsibility of controlling commodity prices to the marketers at the detriment of consumers.
He said that the take-home pay of workers had yet to be increased, but the country was witnessing daily increases in prices of commodities, hence, the practice of increasing prices of commodities by marketers is affecting low-income earners.
This, according to him is because individuals who were unable to afford things at exorbitant price would resort to other means or steal.
