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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POLITICAL OFFICE HOLDERS TO RECEIVE HALF SALARY IN KANO.{PHOTO}.#PRESS RELEASE.

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   VIDEO] Bribery Scandal: Resign Now, Nigerians Tell Ganduje As 3rd ...    Press Statement
Political Office Holders To Receive Half Salary In Kano
Due to shortfall in the federation account and collapse in the internally generated revenue (IGR) because of COVID-19 challenges, all political office holders in Kano state are to receive half salary with immediate effect from this Month of May.
Governor Abdullahi Umar Ganduje lamented that "Due to shortfall of the price of Oil in the global market which affects world economy and eventually causes serious shortfall in the federation account for states, the state slashes the salary of all political office holders by 50 percent."
Adding that, "There is also a serious set back in the IGR, due to COVID-19 pandemic challenges. Whereas almost all companies in the state are no longer in operation due to lockdown. So also other areas where the state gets revenue, are no longer operational. This also is another reason for giving political office holders half salary."
This includes the Governor and his Deputy, all Commissioners, Special Advisers, Senior Special Assistants, Special Assistants among others. At the local government level those affected are Chairmen, Deputy Chairmen, Elected Councillors, Supervisory Councillors, Advisers and Secretaries of Local Governments.
Abba Anwar
Chief Press Secretary to the Governor of Kano State
Sunday, 17th May, 2020.
VIDEO] Bribery Scandal: Resign Now, Nigerians Tell Ganduje As 3rd ...
   

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