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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I DON'T RUN FROM FIGHT, WIKE RESPONDS TO PDP EXIT RUMOURS. (PHOTO).

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I DON'T RUN FROM FIGHT, WIKE RESPONDS TO PDP EXIT RUMOURS 


21st August 2024


Minister of the Federal Capital Territory, Abuja, Nyesom Wike, has vowed to stand his ground and fight for his principles, amidst an internal crisis in the Peoples Democratic Party.


The former Rivers State governor made the bold statement during a media parley held on Wednesday to mark his first anniversary as the FCT minister.


Wike’s statement comes less than 24 hours after a former Federal Commissioner for Information and South-South leader, Chief Edwin Clark, called on the National Chairman of the Peoples Democratic Party, Ambassador Iliya Damagun, to expel Wike from the party to save it from destruction.


However, amidst speculation that Wike may leave the PDP due to the party’s internal crisis, the minister insisted that he would stay to fight.

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