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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TEMS BEATS RIHANNA, BEYONCE OTHERS TO NEW MUSIC CHART RECORD IN US.(PHOTO).

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Tems Beats Rihanna, Beyoncé Others to New Music Chart Record in US

Grammy-winning Nigerian female musician, Temilade Openiyi, better known as Tems, has beaten American female superstars to a new record on the Billboard chart.

Politics Nigeria gathered that the Nigerian achieved the rare feat after her song ‘Free Mind’ broke the record for longest-running number one by a female artist in Billboard R&B/Hip-Hop Airplay chart history.

The song maintained its position at number one on the chart this week, making it a total of 17 weeks at peak, which is a record by any female artiste.

The song debuted on the main chart, Billboard Hot 100 last year, making Tems the first Nigerian female soloist to appear as a lead on the chart.

‘Free Mind,” which is off Tems’ debut Extended Play (EP) has earned millions of streams in the United States across major digital streaming platforms.

 

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