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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LAMIDO OF ADAMAWA RETAINS COUNCIL OF CHIEFS CHAIRMANSHIP AS ASSEMBLY CLARIFIES ROTATION REPORTS. (PHOTO).

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 Lamido of Adamawa Retains Council of Chiefs Chairmanship as Assembly Clarifies Rotation Reports


The Lamido of Adamawa, Alhaji Muhammadu Mustapha, will continue to serve as the permanent chairman of the Adamawa State Council of Chiefs, the State House of Assembly confirmed on Friday. This clarification comes after reports claimed that the Lamido had been stripped of the position and that a bill had been passed to introduce a rotational chairmanship among other emirs and chiefs.


Musa Mahmud, Chairman of the Assembly's Standing Committee on Information, addressed the media at the state assembly complex in Yola, rejecting the claims as false. He emphasized that the Assembly had not passed any bill to remove the Lamido from his role.


“The allegation that the House passed a bill removing the Lamido of Adamawa from his chairmanship position and instituting a rotational system is incorrect,” Mahmud stated.


He further clarified that the bill specifies the Lamido of Adamawa as the chairman of the State Council of Chiefs, as outlined in Section 18(II). However, the media attention surrounding the bill was related to the creation of zonal traditional councils, which include provisions for rotational chairmanship within those councils.


Mahmud explained that while the rotational chairmanship applies to the new zonal traditional councils — covering the Central, Northern, and Southern zones — all zonal chairmen will still report to the state chairman, who remains the Lamido of Adamawa.

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