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...

NO SUCH THING AS CUT-OFF MARK- JAMB. (PHOTO).


 No Such Thing As Cut-Off Mark — JAMB


The Joint Admission and Matriculation Board (JAMB) has denied setting cut-off marks for admissions into higher institutions across the country.


In a statement posted on its official X account on Thursday, the Board dismissed reports that it had set 140 as cut-off marks for universities, and 100 for polytechnics respectively.


“There’s no such thing as ‘cut-off mark’ in the admission process to tertiary institutions in Nigeria, what’s obtainable is minimum tolerable score determinable by individual institutions,” it said.


The denial comes just one day after it was widely reported that the Board had pegged 140 as a cut-off mark for admission into universities, and 100 as the minimum cut-off point mark for admission into polytechnics and colleges of education.


The statement attributed to JAMB Registrar, Professor Ishaq Oloyede, quoted him as announcing the development in Abuja at the 2024 Policy meeting of the Board.


The meeting had in attendance the Minister of Education, Tahir Mamman, vice-chancellors, rectors and registrars of higher institutions, and other stakeholders.


At the meeting, the minister directed that admission to tertiary institutions should not be given to candidates under 18 years old.


Though the announcement elicited mixed reactions from vice-chancellors, rectors, and registrars present at the meeting, the minister decried the activities of some parents, who are pressuring their underage wards to get admission into tertiary institutions.


Mamman said that the 18-year benchmark is in line with the 6-3-3-4 system of education.


“JAMB is hereby instructed from admission this year to admit only eligible students. That is those who have attained 18 years by our laws,” the minister.


He insisted that his position was backed by Nigeria’s law guiding admissions into tertiary institutions. He said it shouldn’t require a statement from him for that to be taken into consideration by admission bodies.


“Our laws require students to be in school from six years – Yes, there are those who do that from five –  and remain in primary school for six years, basic education for three years, and secondary school for three years… It doesn’t require a statement of the minister… we are only restating what is in the law,” he added.


Professor Mamman added that for those who will not be able to gain admission into tertiary institutions, the Ministry of Education is taking skills to pupils from primary school.

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