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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PRESIDENT TINUBU COMMITS TO RETURNING OUT-OF-SCHOOL CHILDREN TO CLASSROOMS WHILE EQUIPPING THEM FOR THE FUTURE. (PHOTOS). #PRESS RELEASE

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 STATE HOUSE PRESS RELEASE


PRESIDENT TINUBU COMMITS TO RETURNING OUT-OF-SCHOOL CHILDREN TO CLASSROOMS WHILE EQUIPPING THEM FOR THE FUTURE


 


In a dialogue with French President Emmanuel Macron at the Palais des Élysée, President Bola Ahmed Tinubu reaffirmed his administration's commitment to prioritizing education for Nigerian children. 


 


He outlined plans to significantly reduce the number of out-of-school children through innovative return-to-class initiatives and skills development programs.


 


President Tinubu highlighted the government's ongoing efforts to create a supportive framework that ensures school-age children re-enter classrooms, emphasizing the role of motivation and skill acquisition in this initiative.


 


"In order to bridge the gap for some who are of age, and have been out of school for a while, we will encourage skills development," the President added.


 


Accompanied by First Lady Senator Oluremi Tinubu, the President stressed to President Macron and First Lady Brigitte Macron that Nigeria’s developmental potential hinges on a well-educated populace.


 


"The insecurity in some parts of the country makes it hard for children to return to school, but we are gradually re-populating the classrooms. And we need skills development to bridge the gaps," the President stated. 


 


President Tinubu highlighted the notable progress in enhancing security across Nigeria, employing "kinetic" strategies as part of the peace-building process.


 


"With some more efforts, we will be able to get some level of stability. We had very good harvest this year. And as soon as more farmers can go back to the farm, we will have more stability in harvest and supply," he said. 


 


In response, President Macron acknowledged Nigeria's vast growth potential and the importance of investing in educational initiatives. He reflected on his formative experiences during a six-month internship at the French Embassy in Nigeria, including visits to Lagos and Kano.


 


President Macron and Brigitte Macron expressed gratitude to President Tinubu and Senator Oluremi Tinubu for their State Visit, promising to elevate the France-Nigeria partnership to new heights.


 


Bayo Onanuga  


Special Adviser to the President  


(Information & Strategy)  


November 28, 2024

One more photo below. 


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