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...

WOLE SOYINKA WORRIED OVER THE USE OF SOCIAL MEDIA "BARBARIANS HAVE TAKEN OVER SOCIAL MEDIA SPACE IN NIGERIA ".(PHOTO).


Nobel laureate, Prof Wole Soyinka, has opined that Barbarians have taken over social media space in Nigeria. 

 

While speaking at a function in Ogun state recently, the Nobel Laureate said that in other climes, social media is being used as a means of interaction because of the intellectual content and reasoned engagements being deployed by users but in Nigeria, the reverse is the case as those who ‘dragged it down have swapped the intellectual quotient aspect of it.'

 

He said the situation has degenerated to a level where even a mere disagreement in an election could lead to one being labelled on social media as having a phobia about others.

 

“In a situation where disagreement in an election can lead one being labelled something phobia or whatever. The social media is awash with accusations of one being a kind of ethnophobic. So strange to me but that is what we have been reduced to. And when that kind of accusation comes, there is no need or value in trying to say you are not. You just say, ‘Thank you very much! The complement of ethnophobia is ethnophilia.

I’m astonished and flabbergasted that people are so power-besotted that they can’t even accept the possibility that they did not win an election. It does not matter whether you are right or wrong or they are right. It is just a question. Take your facts to the table, let’s examine them carefully, consider the possibility that we may be wrong or you may be wrong but you don’t have to descend into demonisation of the group to which others belong to establish your point.

I don’t deal in social media. As far as I’m concerned, barbarians have taken over social media and they have swapped the intellectual quotient which used to make and still make social media valid in other societies. Here in this country, social media has been dragged down to the lowest common denominator.

However, I believe in the community of the intellect of minds and creativity to rescue us from the monstrosity that social media has become (in this country).”

 

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