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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LAGOS REASSURES RESIDENTS OF SAFETY. (PHOTO). #PRESS RELEASE.

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 LAGOS REASSURES RESIDENTS OF SAFETY



The Statewide exercise to free Lagos of visible security risks has continued after the arrest of some suspects under the Dolphin Estate bridge. 


The ceaseless influx of miscreants, beggars, and the destitute onto Lagos streets has raised fears of insecurity of lives and property. This is unacceptable. 


As part of the exercise, 450 miscreants were at the weekend rescued. Of the lot, 371 pleaded for assistance to relocate to their various states due to the hardship they are facing in Lagos; 79 have been absorbed into some government facilities for rehabilitation after showing signs of being unwell. 


The exercise will continue as part of the government’s responsibility to keep our citizens safe and secure.


 


Gbenga Omotoso


HC, Information & Strategy


Gbenga Omotoso 

Dr. Obafemi Hamzat 

Babajide Sanwo-Olu 


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