He said this on Tuesday at a two-day workshop organised by the House of Representatives Committee on Power in Abuja.
The Senate is expected to vote on the package on Tuesday.
The group of lawmakers threatened to resign from the party if their demands were not met.
The minority leader said the abrupt hike would burden the already strained populace, exacerbating economic hardship.
“These are the challenges and the new leadership of IPAC must rise up to the occasion.”
“This has been a burning issue in both public and private institutions.’’
The lawmakers said the fact-finding trip will examine the cause of the incidents and identify remedies to prevent their reoccurrence.
The military has been urged to protect innocent residents as they search for the masterminds of the attack that killed 16 soldiers in Okuama.
Deputy Speaker of the House of Representatives Benjamin Kalu has urged civil and public servants to pursue honour and integrity.
Mr Egbetokun said the police were collaborating with other security organisations to address the challenges.