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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AFTER ALMOST 5 YEARS, VP OSINBAJO UNVEILS INVESTMENT IN THE DIGITAL AND CREATIVE ENTERPRISES (IDICE) TODAY.(PHOTOS).#PRESS RELEASE.

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In a world where technological innovation is constantly evolving, Nigeria has recognized the need to keep up with the pace. That's why the Investment in the Digital and Creative Enterprises (IDice) program was born, after almost five years of groundwork and collaboration between government and private sector partners. 


The program is set to support young entrepreneurs in digital tech and creative industries to unlock their potential and create job opportunities. At the launch of the program, I couldn't help but celebrate the remarkable strides already taken by Nigerian digital entrepreneurs. With over $1 billion in funding secured by 180 startups, Nigeria is now Africa's best-funded country with approximately 30% of funded ventures on the continent. 


With the IDice program, we aim to take this success even further. Thanks to the support of partners such as the African Development Bank, Agence Française de Développement, and The Islamic Development Bank, we have raised over $618 million to make this a reality. 


It's a dream come true, and I extend my gratitude to Dr. Akinwunmi Adesina, the President of AFDB, for his efforts in making this initiative a possibility. 

The iDice program is more than just funding; it's an investment in a brighter future for Nigeria and its people, and I can't wait to see what the next generation of entrepreneurs will achieve.

More photos below. 








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