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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KEBBI TEACHERS TO RETIRE AT 65.(PHOTO).

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Kebbi Teachers To Retire At 65 

Governor Nasir Idris of Kebbi State has approved the domestication of the law upgrading the retirement age for teachers from Sixty to Sixty-Five years of age

The Commissioner for Basic Education, Hajiya Halima Mohammed Bande, disclosed this at a news briefing shortly after the Weekly State Executive Council Meeting in Birnin Kebbi. 

Hajiya Halima mentioned that, as a result, teachers with a thirty-five-year career in the education field now have the chance to extend their service to forty years before retiring.

According to her, necessary paper work will be presented to the Ministry of Justice to prepare a Bill for onward submission to the State House of Assembly to enact a law. 

The Commissioner also stated that when the bill becomes a law, the Governor would certainly approve it to enhance the spirits of teachers throughout the State.

The Commissioner added that once the bill become a law the Governor would definitely assent to it in order to boost the morale of teachers across the State.



 

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