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...

PRESIDENT BUHARI LAUDS OONI ADESOJI ADEREMI ON OCCASION OF 40TH REMEMBRANCE ANNIVERSARY.{PHOTOS}.#PRESS RELEASE.

Next Ooni must raise the standard - Prince Aderemi - Daily Post ...
      President Muhammadu Buhari has paid glowing tribute to the late Ooni of Ife, Oba Adesoji Aderemi, on the occasion of the 40th anniversary of the passage of the foremost monarch.
In a letter to the family of the departed Oba, the President wrote:
“It gives me deep sense of pleasure and fulfillment to do this brief tribute in memory of the illustrious Ooni of Ife, Oba Adesoji Tadenikawo Aderemi, who reigned between 1930 and 1980.
“On this 40th Remembrance Anniversary of the great man, the country recalls the imprints of a foremost Nationalist, very successful businessman, former Governor, Western Region (1960-1962), and traditional ruler, on the sands of time.
“To the benefit of his memory, Ooni Aderemi built schools, dispensaries, churches, museums, and attracted the establishment in his domain of waterworks, electricity projects, and the University of Ife (now Obafemi Awolowo University, Ile-Ife).
“It is also on record that the respected monarch was a Member, Legislative Council of Nigeria (1946-1951); Delegate, African Conference, London (1948); President, Western House of Chiefs (1952-1960); Member, Federal House of Representatives/Minister (1952-1954); led Nigeria’s delegation to Queen Elizabeth II’s Coronation (1953); and Member, Nigeria Constitutional Conferences (1953-1958).“As the family remembers this awesome personality, knighted twice by the Queen of England, it gladdens the heart that his memory remains evergreen. Please, keep this alive, for the guidance and inspiration of the current and subsequent generations.
“May God give us more illustrious people in the mould of Ooni Adesoji Aderemi. Amen.”
Femi Adesina
Special Adviser to the President
(Media and Publicity)
July 3, 2020.
H i s t o r y V i l l e on Twitter: "The Ooni of Ile-Ife, Oba (Sir ...

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