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...

INSECURITY: TINUBU UNVEILS NATIONAL SECURITY OBJECTIVES, VOWS TO FIGHT.(PHOTO).


Insecurity: Tinubu unveils national security objectives, vows to fight

President Bola Tinubu on Friday spelt out his National Security Objective, stressing that it would focus on ensuring security, justice, and democratic prosperity through state power.

Tinubu disclosed this at the graduation of Course 45 of the Armed Forces Command and Staff College in Jaji, Kaduna State.

He pledged that his government would focus lots of energy on providing adequate security for all Nigerians.

The president promised to support the military as he commended them for protecting the territorial integrity of the nation.

While acknowledging the commitment of the immediate-past administration in enhancing the combat readiness of the Nigerian Armed Forces, the President pledged to “pick up the pace,” by providing the necessary support to the military.

According to Tinubu: “As Commander-in-Chief, I have given myself the following charge: to deploy the entire machinery of state power to ensure the security of our people and property in a just and democratic society.


 

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