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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ORTOM APPROVES SITE FOR KWAGH-HIR VILLAGE.{PHOTOS}.#PRESS RELEASE.

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    Governor Samuel Ortom today approved a site for the establishment of Kwagh-Hir Village in Makurdi, the Benue State capital.
Governor Ortom announced the approval during a meeting with the visiting Artistic Director and Chief Executive Officer of the National Troupe of Nigeria, Comrade Tar Ukoh, at the Benue Peoples House.
He stressed that the site which is contiguous to the Aminu Isah Kontagora Arts Theatre was best suited for the Village which would span the entire value-chain of the popular indigenes community theatre genre.
The Artistic Director, Comrade Ukoh expressed excitement at the development and informed the Governor that the National Troupe would collaborate with the State Ministry of Information, Culture and Tourism, as well as other local and international partners to deliver on the Kwagh-Hir Village Project.
He stated that other Culture and Tourism value-chain initiatives will also be developed to expand the self-employment and wealth creation opportunities for artistes and artisans for the world tourism window.
Mr Ukoh explained that the mandate of the National Troupe of Nigeria included the utilization of indigenous community theatre traditions and exploitation as economic assets for development.
State Information, Culture and Tourism Commissioner, Rt Hon Ngunan Addingi, who commended the Governor for what she described as his swift action on the request for the site, explained that the ministry was collaborating with the National Troupe for the development of the entire Kwagh-Hir value chain in accordance with best international practices.
She stated that previous partnerships with the troupe in 2018 and 2019 had recorded huge successes in the staging of Kwagh-Hir and Swange festivals hence the need to deepen the collaboration.
It will be recalled that Kwagh-Hir was inscribed on the representative list of the United Nations Educational, Scientific and Cultural Organization's Intangible Cultural Heritage for Humanity in December last year.More photos below.
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