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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PRES. TINUBU CONGRATULATES TABLE TENNIS CHAMPION ARUNA QUADRI ON ITTF AFRICA CUP VICTORY. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS RELEASE 


PRESIDENT TINUBU CONGRATULATES TABLE TENNIS CHAMPION ARUNA QUADRI ON ITTF AFRICA CUP VICTORY


President Bola Tinubu congratulates Nigeria's table tennis pacesetter, Mr. Aruna Quadri, on winning the International Table Tennis Federation (ITTF) Africa Cup title.


Mr. Quadri achieved a resounding victory in the final match of the 2024 ITTF Africa Cup in Rwanda, reclaiming his title and sealing his place as Africa's table tennis champion. 


President Tinubu commends the table tennis star for his dogged pursuit of excellence even in the face of gnawing obstacles, declaring that the zeal for distinction, the hardiness to succeed, and the inventiveness to solve complex problems are the exceptional qualities that define Nigerians.


The President also notes the recent progress in the nation's sports sector, with remarkable performances in the African Games, the Africa Cup of Nations, and the World Relay Championships, and emphasizes that his administration will continue to foster the growth and development of sports in the country.


The President reassures Nigerians that his administration remains dedicated to expanding the space of opportunities across diverse fields for Nigeria's creative youths.


Chief Ajuri Ngelale 


Special Adviser to the President


(Media & Publicity)


May 15, 2024

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