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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PRESIDENT BUHARI GREETS FORMER MILITARY PRESIDENT, IBRAHIM BADAMASI BABANGIDA AT 79.{PHOTOS}.#PRESS RELEASE.

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 Your service to Nigeria will always be remembered - Buhari tells ...

      President Muhammadu Buhari sends warm felicitations to former military President, Gen. Ibrahim Badamasi Babangida on his 79th birthday, August 17, 2020, joining family, friends and associates to celebrate with the elder statesman.

As the former military leader turns a new age, the President believes his services to the country will always be remembered.

President Buhari prays that the Almighty God will continually strengthen Gen. Babangida, grant him good health and longer life.

Femi Adesina
Special Adviser to the President
(Media & Publicity)
August 16, 2020.

Elections: IBB Advises Buhari on Insecurity, Commends Atiku on ...

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