ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.
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...
The numbers of private universities in Nigeria increased from 51 to 60 as 9 more private universities was approved and issued license by the Federal Executive Council chaired by the Vice President of Nigeria,Namadi Sambo.The new universities are,The Augustine university,Ilara Lagos state,Chrisland university,Owode Ogun state,Christopher university,Mowe Ogun state,Hallmark university,Ijebu Itele,Ogun state,Kings university,Ode Omu,Osun state,Michael and Cecillia Ibru university,Orode Delta state,Mountain Top university Ogun state,Ritman university,Ikot Ekpene Akwa Ibom state and Summit university,Offa Kwara state.
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