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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KALU ON ABIA AIRPORT: TINUBU COMMITTED TO SOUTH-EAST DEVELOPMENT. (PHOTO).

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 Kalu: Abia Airport: Tinubu Committed to South-East Development 


Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, has stated that President Bola Ahmed Tinubu is deliberately focusing on the development of the Southeast, especially Abia State.


Kalu shared this insight during the groundbreaking ceremony for the Abia airport in Nsulu, Isiala Ngwa North Local Government Area of Abia State on Tuesday.


Expressing his gratitude to the President for approving the project, Kalu also highlighted the Southeast Development Commission (SEDC) as another significant initiative that reflects President Tinubu's commitment to the region.


In a statement issued by his Chief Press Secretary, Levinus Nwabughiogu, Kalu assured Abia State Governor, Dr. Alex Otti, of the Parliament’s support in ensuring the swift completion of the airport project through adequate budgetary allocations.


Kalu, who represents Bende’s federal constituency, played a key role in securing the project. He facilitated the delivery of the project letter from federal authorities to the Governor, ensuring his support for the crucial infrastructure.


He emphasized, “I want to assure you that the President we have today is focused and intentional about the development of the Southeast. He is committed to the region. We thank Mr. President for prioritizing Abia State. When the letter arrived, I immediately contacted Hon. Ginger and asked him to take it directly to Governor Otti. We will continue to seek ways to advance Abia State’s development.”


Kalu further assured Governor Otti, "We will work with you to complete any projects initiated in collaboration with you. Let’s all come together to build Abia."

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