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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'ELDERS ARE NOW LEADERS OF TOMORROW IN NIGERIA '- SINGER PAUL OF PSQUARE. (PHOTO).

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‘Elders are now leaders of tomorrow in Nigeria’ – Singer Paul of Psquare


Famous Nigerian musician Paul Okoye, aka Rudeboy of the Psquare, has stated that the elders are the leaders of tomorrow in Nigeria.


The singer said this while reflecting on the state of leadership in Africa especially in Nigeria.


Rude Boy while decrying the future of the Nigerian youth in a post on his Instagram story, stated that elders are becoming the leaders of tomorrow as against the popular saying ‘Youth are the leaders of tomorrow’.


“In Africa especially Nigeria. Elders are the leaders of tomorrow.


“Take that with you”, he wrote.

 

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