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 HONORS OGONI MARTYRS. (PHOTO). #PRESS RELEASE.

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 STATE HOUSE PRESS STATEMENT


 


PRESIDENT TINUBU HONORS OGONI MARTYRS


 


President Bola Ahmed Tinubu has reaffirmed his administration's commitment to fostering dialogue, reconciliation, and healing among all ethnic nationalities that make up our great nation.


 


In a special message commemorating the 2024 Ogoni Martyrs Remembrance Day, President Tinubu stands in solidarity with the National Youth Council of Ogoni People (NYCOP) and all Ogoni citizens to honour those who made the ultimate sacrifice in defence of the Ogoni nation’s interests.


 


This year’s commemoration, themed “After Price, Comes Prise,” reflects our collective commitment to acknowledging the pain and the lessons of the past as we aspire for a brighter future.


 


"We honour their memory by recognising the sacrifices made and pledging to strive for a future characterised by peace, justice, and sustainable development for all communities, particularly those in the Niger Delta," said President Tinubu.


 


The President reaffirmed that his administration will actively address historical grievances and work towards building a united and prosperous nation for future generations. This vision will be realised through constructive engagement and mutual respect.


 


Oil was first commercially discovered in Oloibiri, Ogoniland, in 1958. The subsequent struggles of Ogoni leaders to protect their environment from harmful oil exploration were met with severe repression, culminating in the tragic execution of Ken Saro-Wiwa and eight other leaders in 1995.


 


“As we remember the Ogoni Martyrs, let us honour their legacy by committing to a future where such injustices are no longer tolerated and where the voices of all Nigerians are heard and respected”, President Tinubu said. 


 


Bayo Onanuga


Special Adviser to the President  


(Information & Strategy)  


November 11, 2024

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