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...

GOV. SANWO-OLU COMMISERATES WITH JIGAWA STATE GOVERNOR ON SON, MOTHER’S DEATH. (PHOTO). #PRESS RELEASE.


 SANWO-OLU COMMISERATES WITH JIGAWA STATE GOVERNOR ON SON, MOTHER’S DEATH


 

Lagos State Governor, Mr. Babajide Sanwo-Olu, has commiserated with his Jigawa State counterpart, Umar Namadi, on the death of his eldest son, Abdulwahab, who died in a car accident on Thursday.


Sanwo-Olu also extended his condolences to the Namadi family and the entire people of Jigawa State over the demise of the Governor's mother, Hajiya Maryam Namadi, who died from an illness on Wednesday. 


Governor Sanwo-Olu, in a statement issued on Friday by his Special Adviser on Media and Publicity, Mr. Gboyega Akosile, expressed his heartfelt sympathy over the deaths of Maryam and Abdulwahab Namadi.


He urged Governor Namadi, the deceased's family, friends, associates and the entire people of Jigawa State to take the death of Abdulwahab as an act of God.


”No doubt, the death of a loved one is usually painful as it is irreparable, but we must always take solace in God, who gives and takes. 


”On behalf of my family, the people, and the government of Lagos State, I sympathise with my brother Governor, Umar Namadi, his wife, the siblings of the deceased, the entire family, and the people of Jigawa State over the irreparable loss of Abdulwahab Namadi.


"We also condole with the Jigawa State Governor and the entire family over the demise of Hajiya Maryam Namadi.


"We extend our deepest and heartfelt condolences and prayers to the Namadi family and the people of Jigawa State at this crucial time. 


”I pray that God will grant the late Maryam and Abdulwahab Namadi eternal rest and grant the family, friends, and associates the fortitude to bear the irreparable loss,” Governor Sanwo-Olu said.

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