Eminent lawyer and human rights advocate, Femi Falana SAN, has provided insight into his recent lawsuit against the federal government over failure to control rising prices of essential commodities.
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In a public statement on Thursday, Falana clarified that the legal action at the Federal High Court was aimed at enforcing the provisions of the existing Price Control Act 1977, which empowers the government to regulate prices of key consumer goods.
He argued that while affluent citizens can cope with spiraling inflation, most ordinary Nigerians have been priced out of accessing basic commodities under the current laissez-faire regime. Hence, the urgent need for government’s intervention based on extant laws.
The Senior Advocate questioned why electricity tariffs, telecom rates and petrol pump price could be moderated via subsidies whilst other essentials like food, medicines and diesel were allowed to rise astronomically thereby eroding people’s purchasing power.
Falana contended that if over N16 trillion worth of duty waivers could be granted influential businessmen in 5 years, it should not be difficult to enforce price control mechanisms that protect citizens from exploitation as envisaged under the Act.
Analysts believe the legal luminary’s action speaks for millions of vulnerable Nigerians facing rising cost of living crisis and highlights the government’s duty to safeguard socio-economic rights of citizens.
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