ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.

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 APC PRESIDENTIAL CAMPAIGN COUNCIL PRESS STATEMENT ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL At his press conference in Abuja on Friday, Alhaji Atiku Abubakar reiterated his proposed  “production subsidy” for locally refined petrol, which he said would reduce pump prices. He went further to ask President Bola Tinubu to slash the cost of diesel and petrol at the pump. That proposal raises important legal, fiscal and practical questions that he must answer. Section 205(1) of the Petroleum Industry Act 2021 provides that unrestricted free-market conditions shall determine wholesale and retail prices of petroleum products. The Nigerian Midstream and Downstream Petroleum Regulatory Authority, in a statement on Saturday, explained that it neither fixes pump prices nor issues administrative price templates, except where the statutory conditions for intervention are met. The PIA provisions guide its function.  At the moment, “No such market fail...
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LAUNCHING OF SAFETY & SECURITY WATCH MAGAZINE + AWARDS.

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                       Today is the launching of the maiden edition of Safety & Security Watch magazine and celebrities like Pink Republic,Remi Omotola,a member of the House of Assembly Lagos state,representing Speaker of the House of Assembly Adeyemi Kuforuji ,Special adviser to Gani Adams,Prince Oyerinde {OPC},Livinus Ibe from the Road safety corps,Engr Timothy.C. Iwuangwu,Branch Chairman of ISPON Lagos state etc.Pink Republic performed and she also talked about the missing Chibok girls in which other women in the gathering,honestly expressed how they feel about the insecurity in Nigeria.Managing editor of the magazine is Dr Chinyere Amaechi.I must congratulate her for her efforts towards ensuring safety through her magazine.More photos below.                                                                                                                            

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