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...

GBAJABIAMILA CONGRATULATES SANWO-OLU ON SECOND-TERM REELECTION. (PHOTO).#PRESS RELEASE.


Gbajabiamila congratulates Sanwo-Olu on second-term reelection
...urges magnanimity in victory

The Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has congratulated Governor Babajide Sanwo-Olu of Lagos State on his second-term victory.

Gbajabiamila said the landslide victory that Governor Sanwo-Olu recorded was a testimony to his good governance and giant strides in Lagos State in the last four years.

The speaker was elated that Governor Sanwo-Olu had won a second-term mandate, which he described as the "people's mandate."

Noting that it was a deserved victory, Gbajabiamila said he was happy that Lagosians had seen the "good work" that Sanwo-Olu had done and elected him for the second time.

In a statement by his Special Adviser on Media and Publicity, Lanre Lasisi, in Abuja on Tuesday, Speaker Gbajabiamila applauded Lagosians for their resilience and determination to see that Sanwo-Olu was returned.

He urged the governor to be magnanimous in victory, advising him to consolidate on the achievements of his first term.

With the Sanwo-Olu that he knows, Gbajabiamila said, Lagos State would witness massive developmental projects during the governor's second term in office.

Speaker Gbajabiamila also congratulated other APC candidates who won governorship elections in Ogun, Katsina, Sokoto, Nasarawa, Gombe, Jigawa, Yobe, Kwara, Benue, Kaduna, Borno, Niger, Ebonyi, Cross River and other states where APC candidates are set to be declared winners.

 

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