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 GENERAL OGBOJI TOWN UNION INAUGURARES COMMITTEES. (PHOTO). #PRESS RELEASE.

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 President General Ogboji Town Union Inaugurates Committees


By Sunday Okoli


The President General (PG) Ogboji Town Union, Hon. Ndu Nwaedozie has inaugurated various committees of the town union.


Inaugurating the committees virtually on behalf of the Executive Committee of Ogboji Town Union, Hon. Nwaedozie expressed appreciation to all the committee members for accepting to serve Ogboji community in various capacity. 

 

He urged committee members to carry out their duties diligently to ensure that Ogboji is better than it was met, pleading with some members of the committee who are yet to join various branches of the town union where they reside to do so in order to contribute their quota for the development of Ogboji through their branches.


The PG used the opportunity to brief the community members what his administration has done so far in the town after inauguration. He said that the government of Prof. Chukwuma Soludo is building a power substation in Ogboji directly from Oji, announcing awwto the admiration of all that work will soon start on the Pharmaceutical Hub/Industrial City.


Committees inaugurated are Committee on Infrastructure and Development, Electricity Committee, Intra/Inter Boundary Committee, Health, Diaspora, Law enforcement, Political, Peace and Reconciliation,  Works, Land revalidation, as well as Committee on Industrial Hub and Education Committee.


In his remarks, the Chairman of Infrastructure and Development Committee, Aig. Chris Okey Ezike rtd, thanked the PG for finding members worthy to serve the community. He acknowledged the ominous task ahead and urged the various committees to give their best to ensure that the objective is achieved.


The Onowu of Ogboji, High Chief Kay Anyacho extolled the government of the PG, saying that he has started well. He said that the essence of raising of committees is to inject fresh vigour and expertise into his administration, praying God to continue to bless the land of Ogboji.


In a vote of thanks, the Vice Chairman of Committee on Industrial Hub/Mega City Project, Hon. Stan Nnaka, thanked the PG for finding members worthy to serve, urging community members to rally round the PG to move the town forward, adding that without unity, no community can make meaningful progress.


*Sunday is of the Ministry of Information, Anambra State*

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