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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ABIA EX-GOVERNORS CLASH OVER STATE'S CONDITION. (PHOTO).

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 Abia Ex-Governors Clash Over State's Condition


A public dispute has erupted between two former governors of Abia State, Senator Theodore Orji and Okezie Ikpeazu, over the condition of the state during their respective tenures. The disagreement stems from recent remarks attributed to Ikpeazu, who claimed he inherited a "gloomy" Abia State when he assumed office.


Ikpeazu, in the same statement, described leaders who criticize their predecessors as "lazy." However, Orji, through his media aide Ifeanyi Umere, sharply rebuked Ikpeazu’s comments, accusing him of contradicting himself by condemning criticism while simultaneously disparaging his own predecessor.


Orji expressed dismay at Ikpeazu’s assertion that Abia was in a dismal state when he took over, urging him to "carry his cross" and accept responsibility for his own governance record. “Ikpeazu should take responsibility for his actions and inactions instead of looking for who to blame, as governance is not necessarily about making speeches,” Orji stated.

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