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Court rules for Nigerian Government to regulate prices of goods and petroleum products



The President Bola Tinubu administration has been given a seven-day ultimatum by a Federal High Court in Ikoyi, Lagos to set the prices of goods and petroleum products.

The order was granted by Justice Ambose Lewis-Allagoa following an originating motion filed and argued by human rights activist Femi Falana, SAN.

Justice Lewis-Allagoa stated, “I have heard the applicant Femi Falana in a suit no FHC/L/CS/869/2023 and I have also discovered that despite the service of the originating motion on the respondents, namely Attorney-General of the Federation and the Price Control Board, there is no opposition to it by way of counter affidavit, which is law that all the facts deposed in the affidavit attached to the originating motion are all deemed admitted.”

“Consequently, all prayers that are sought for in the motion papers are hereby granted as prayed,” the judge added.

The Nigerian Government has been directed to regulate the prices of milk, flour, salt, sugar, bicycles and spare parts, matches, motorcycles and spare parts, motor vehicles and spare parts, as well as petroleum products such as diesel, petrol motor spirit (PMS) and kerosene.

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