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...

I HAVE CONSULTED GOD,ANGEL AND ARCH-ANGELS ON MY PRESIDENTIAL AMBITIONS-NGIGE.(PHOTO).


I Have Consulted God, Angel And Arch-Angels On My Presidential Ambition - Ngige

The Minister of Labour and Employment, Senator Chris Ngige, on Saturday, said he would unveil his journey to the presidency on Tuesday.

Ngige said that he had consulted with both mortal and immortal people and would disclose his position on the 2023 presidency after the resurrection of Jesus Christ.

Ngige gave the hint at the Akanu Ibiam International Airport, Enugu while responding to a request from a pressure group under the aegis of the South East Progressive Forum who stormed the airport and asked the minister to contest the presidency in 2023.

“This is an ambush. It’s an Easter ambush and anything done in Easter is spiritual. So I thank you people for meeting us here and saying what is in your mind. Make no mistake about it. It is us in the southern part of Nigeria that the presidency is due for. It’s also true, a truism that of all the zone in the Southern Nigeria that is only the South East zone that has not tasted the presidency.

“So, that gives much weight to the demand you are making now. Yes, in PDP, they are considering whether it will be North or South. No, in our own, as gentlemen we have already agreed in South.”



 

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