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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OGUN BEGINS SALES OF SUBSIDIZED RICE TO PENSIONERS. (PHOTO). #PRESS RELEASE.

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 Ogun Begins Sales Of Subsidized Rice To Pensioners 


Ogun State Governor, Prince Dapo Abiodun has extended the sales of subsidized rice to pensioners in the state.


This was made known by the Head of Service (HoS), Mr. Kehinde Onasanya Onasanya, while monitoring the sales of discounted rice to members of the Local Government Pensioners Association of Nigeria (LOGPAN), at its secretariat in Ita Oshin, Abeokuta, on Monday.


He said that since the economic situation in the country cuts across all ages, the government decided to extend the sales of the rice at discounted rates to the local government pensioners. 


While urging the pensioners to take advantage of the gesture, Onasanya said the Governor Dapo Abiodun-led administration is pensioners’ friendly and seriously concerned about their welfare.


He said that bringing the rice to the doorsteps of the pensioners was to eliminate any hardship they may likely face in purchasing the commodity. 


He urged them to take advantage of the exercise and buy according to their levels while in service.


State Chairman of LOGPAN, Pastor Benedict Ademoye described the gesture of Governor Abiodun as unprecedented, adding that it would go a long way to alleviate the hardship of the pensioners at this period of high cost of food items.


Another beneficiary, Mrs. Bernice Lawal, who is the Chairman of Retired Primary School Teachers in the state, said this was the first time such a gesture would be extended to her members since she retired from active service in 2009.


She gave her heartfelt appreciation to the government and Governor Abiodun for his efforts to make life bearable for them, even in retirement.


All the retirees at the sales point pledged their loyalty and support to the government and prayed for the success of the administration.

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