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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PHOTOS FROM THE COMMISSIONING OF ONDO LINYL INDUSTRIAL HUB AND ORE FLIYOVER INTERCHANGE TODAY.{PHOTOS}.

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    Photo: President Buhari visits Ondo State, Commissions Ondo Linyl Industrial Hub and Ore Flyover Interchange on 25th Feb 2020
Ondo Visit 5: President Buhari with R-L: Ogun State Governor Dapo Abiodun, Ondo State Governor Rotimi Akeredolu and Ekiti State Governor Kayode Fayemi during a tour of the Ondo Linyl Industrial Hub as part of his visit to Ondo State on 25th Feb 2020
Ondo Visit 9: President Buhari with R-L: Edo State Governor Godwin Obaseki, Ogun State Governor Dapo Abiodun, Ondo State Governor Rotimi Akeredolu, Ekiti State Governor Kayode Fayemi and other dignitaries during the commissioning of Ore Flyover Interchange in Ondo State on 25th Feb 2020.More photos below.
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