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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GOV. SANWO-OLU RECEIVES HIGH COMMISSIONER OF JAMAICA TO NIGERIA, MR. LINCOLN G. DOWNER.(PHOTOS).#PRESS RELEASE.

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 GOV. SANWO-OLU RECEIVES HIGH COMMISSIONER OF JAMAICA TO NIGERIA, MR. LINCOLN G. DOWNER ON COURTESY VISIT AT LAGOS HOUSE, MARINA, ON FRIDAY, 17 MAY, 2024


l-r: Spouse of the Jamaican High Commissioner to Nigeria, Mrs. Lucrecia Downer; the High Commissioner, Mr. Lincoln Downer; Governor of Lagos State, Mr. Babajide Sanwo-Olu and his Chief of Staff, Mr. Tayo Ayinde during a courtesy visit by the Jamaican Envoy at the Lagos House, Marina, on Friday, 17 May 2024.


Governor of Lagos State, Mr. Babajide Sanwo-Olu flanked by the Jamaican High Commissioner to Nigeria, Mr. Lincoln Downer (left) and his spouse, Lucrecia (right) during a courtesy visit by the Jamaican Envoy at the Lagos House, Marina, on Friday, 17 May 2024.


Governor of Lagos State, Mr. Babajide Sanwo-Olu presents an Eyo statue to the Jamaican High Commissioner to Nigeria, Mr. Lincoln Downer (left) during a courtesy visit by the Jamaican Envoy at the Lagos House, Marina, on Friday, 17 May 2024.


Governor of Lagos State, Mr. Babajide Sanwo-Olu making his remark during a courtesy visit by the Jamaican High Commissioner to Nigeria, Mr. Lincoln Downer (left), at the Lagos House, Marina, on Friday, 17 May 2024.


 

l-r: Special Adviser to the Governor (Corporate Finance and Strategic Investment), Mr. Akintayo Sanwo-Olu; Special Adviser to the Governor (Tourism, Arts and Culture), Mr. Idris Aregbe; Spouse of the Jamaican High Commissioner to Nigeria, Mrs. Lucrecia Downer; the High Commissioner, Mr. Lincoln Downer; Governor of Lagos State, Mr. Babajide Sanwo-Olu; his Chief of Staff, Mr. Tayo Ayinde; Special Adviser to the Governor (Media & Publicity), Mr. Gboyega Akosile and Counsellor, Jamaica High Commission, Abuja, Mr. Andre Hibbert during a courtesy visit by the Jamaican Envoy at the Lagos House, Marina, on Friday, 17 May 2024.

More photos below. 






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