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...

LASG LAUNCHES FARMERS' FORUM ACROSS DIVISIONS TO BOLSTER AGRICULTURAL SECTOR . (PHOTO). #PRESS RELEASE.


 LASG LAUNCHES FARMERS' FORUM ACROSS DIVISIONS TO BOLSTER AGRICULTURAL SECTOR 


The Lagos State Government is set to convene a series of crucial stakeholders' forums across the five administrative divisions of the state, directly engaging with farmers to conduct a comprehensive needs assessment and collaboratively identify sustainable solutions to their most pressing challenges.


This significant initiative was announced by the General Manager of the Lagos State Agricultural Input Supply Authority (LAISA), Mrs. Olufolake Oluyemi, during a recent appearance on a Yoruba-language programme, "Ile Ise Asoju Oba Eko," aired recently on Lagos Traffic Radio.


Mrs. Oluyemi disclosed that her initial direct engagement with farmers since assuming the role of Accounting Officer at LAISA provided invaluable insights into the realities faced by the agricultural community. 


She emphasised that these initial interactions offered farmers a vital platform to articulate their most urgent needs directly to the government.


Highlighting the Babajide Olusola administration's commitment to food security, the General Manager affirmed LAISA's core mandate: to procure high-quality agricultural inputs at wholesale prices and distribute them to farmers at affordable and easily accessible rates.


"Under my leadership, LAISA will operate on the principle of direct engagement and understanding," Mrs. Oluyemi stated. "The era of LAISA assuming it inherently knows the needs of Lagos farmers is over. These upcoming stakeholders' forums across all divisions are a testament to this new approach. We recognize that the critical needs of farmers in riverine communities like Badagry may differ significantly from those in other parts of the state."


Elaborating further, Mrs. Oluyemi noted, "While our fishermen are requesting access to affordable fishing nets and boat engines, crop farmers are urgently seeking supplies of seedlings and other essential inputs as the planting season approaches."


The General Manager, who has been actively implementing strategic initiatives since her appointment approximately six months ago, highlighted several innovative solutions being introduced by the Agency to improve the livelihoods of farmers.


These include establishing close working relationships with cooperative societies to facilitate farmers' procurement of necessary inputs through thrift mechanisms, and the development of a dedicated LAISA mobile application to enable farmers to access and purchase agricultural inputs online.


Mrs. Oluyemi expressed her sincere appreciation to the Governor of Lagos State for his unwavering support of the Agency. She also commended the Commissioner for Agriculture, Ms. Ruth Abisola, and the Permanent Secretary of the Ministry, Mr. Emmanuel Audu, for their collaborative efforts in advancing the agricultural sector within the state.

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