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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OSINBAJO: POLITICAL ACTION MUST LEAD TO TANGIBLE RESULTS, NOT JUST PROTESTS. (PHOTO).

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 Osinbajo: Political Action Must Lead to Tangible Results, Not Just Protests


Former Vice President Yemi Osinbajo has emphasized the importance of political action extending beyond protests, urging for measurable and tangible outcomes, especially in economically disadvantaged communities. Speaking at the Technology, New Media, Citizens, and Governance Conference (TNCG) in Lagos on Thursday, Osinbajo pointed out the socio-economic impact of protests on informal workers and traders who rely on daily earnings.


"Political action must go beyond the euphoria of protests. It needs to yield real, measurable results, or it risks being counterproductive," he stated.


He also highlighted the critical role of the elite in driving effective change, stressing their responsibility in setting clear objectives and forming coalitions to advocate for structural reforms.


"The elite, including us in civil society, are key in shaping the goals of political action, articulating grievances, and pushing for meaningful reforms that lead to real change," Osinbajo noted.


Reflecting on the role of technology and social media in political mobilization, Osinbajo acknowledged their ability to facilitate leaderless coordination. However, he cautioned that without clear objectives or leadership, these platforms might struggle to achieve lasting outcomes. "While technology enables protests without clear leadership, without a defined end goal, such movements can lose direction," he warned.

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