Unless the Federal Government reverses the order of a Federal High Court, sitting at Ikoyi, Lagos , it will be forced to fix the prices of some essential commodities in the country, which have virtually hit the rooftops since President Bola Tinubu, commenced his economic reforms eight months ago.
The President, had followed the pronouncement of the immediate removal of subsidy on Premium Motor Spirit (PMS) otherwise known as petrol, immediately after taking his oath of office on May 29, 2023 and followed up months later with the announcement of the floating of the Naira, to key moves that saw market prices responding immediately.
While the cost of PMS jumped from N187 to N500 and now N700, the cost of dollar, maintained a steady rise to close to N1,580 as at the last county, from the initial N400 when Tinubu took over with the result being that most of the household items are no longer affordable.
The pronouncement of the courts, presided over by Justice Ambose Lewis-Allagoa, which came on Wednesday, was sequel to the prayers brought before it in a motion by Femi Falana (SAN), renowned human rights lawyer and social critic.
He said: “I have had the applicant Femi Falana in a suit no San,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, 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.”
Lewis-Allagoa, specifically ordered the Nigerian government to fix the price of Milk, Flour, salt, sugar, bicycles and it’s spare parts, matches, motorcycles and its spare parts, motor vehicles and it’s spare parts as well as Petroleum products, which include: diesel, petrol motor spirit (PMS) and kerosene.
Falana (SAN) had approached the court for the followings: “whether by virtue of Section 4 of the Price Control Act., the first defendant is carrying out its duty to impose a price on any goods that are of the kind specified in the First Schedule to the Price Control Act.
“A declaration that by virtue of Section 4 of the Price Control Act Cap, the defendants are under a legal obligation to fix the prices of bicycles and spare parts; flour; matches; milk; motorcycles and spare parts; motor vehicles and spare parts; salt; sugar and petroleum products including diesel, petrol motor spirit and kerosene.
“A declaration that the failure or refusal of the Defendants to fix the prices of bicycles and spare parts; flour; matches; milk; motorcycles and spare parts; motor vehicles and spare parts; salt; sugar and petroleum products including diesel, petrol motor spirit and kerosene is illegal as it offends the provision of Section 4 of the Price Control Act, Cap…., Laws of the Federation of Nigeria, 2004.
“An order directing the defendants to fix the prices of bicycles and spare parts; flour; matches; milk; motorcycles and spare parts; motor vehicles and spare parts; salt; sugar and petroleum products including diesel, petrol motor spirit and kerosene not later than 7 days after the delivery of the Judgment of this Honourable Court.”