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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PDP NWC DEBUNKS ALLEGED SUSPENSION OF PARTY LEADERS IN NIGER.{PHOTOS}.#PRESS RELEASE.

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March 30, 2021
Press Statement
PDP NWC Debunks Alleged Suspension of Party Leaders In Niger
The attention of the National Working Committee (NWC) of the Peoples Democratic Party (PDP) has been drawn to some spurious claims by some misguided persons, of a purported suspension of some leaders of our great party from Niger state.
The national leadership cautions those behind the claims to desist from such, particularly, in misguiding some party officials to attempt to assume situations that are beyond their statutory powers.
For emphasis, the powers and functions of all organs of our party at all levels are as clearly spelt out in our constitution and should be strictly adhered to.
The provisions of our party’s constitution is very clear about suspension of the members of National Executive Committee
(NEC) and as such, we caution those indulging themselves in such lawless activities to desist henceforth.
In this regard, the National Working Committee (NWC) calls for calm and urge all our leaders, critical stakeholders and teeming members of our great party in Niger state to remain united and continue to work together and resist attempts by enemies of our party to distract us from the task ahead.
Signed:
Kola Ologbondiyan
National Publicity Secretary
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