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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GOV. SANWO-OLU COMMISSIONS LBIC/MEGAMOUND GREATER LAGOS APARTMENTS AT OBELE-ONIWALA AND CROWN EXQUISITE HOMES AT IPONRI IN SURULERE, ON MONDAY, MAY 19, 2025.(PHOTOS).#PRESS RELEASE.

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GOV. SANWO-OLU COMMISSIONS LBIC/MEGAMOUND GREATER LAGOS APARTMENTS AT OBELE-ONIWALA AND CROWN EXQUISITE HOMES AT IPONRI IN SURULERE, ON MONDAY, MAY 19, 2025


Aerial view of the LBIC/Crown Exquisite Homes, at Iponri, Surulere, officially commissioned by Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday, May 19, 2025. Inset (l-r): Chairman, Crown Exquisite Homes, Mrs. Adebukola Okusaga; Deputy Governor of Lagos State, Dr. Obafemi Hamzat; Managing Director/CEO, Lagos Building Investment Company (LBIC) Plc, Mr. Olusola Faleye; Governor Babajide Sanwo-Olu; Board Chairman, LBIC, Mr. Hakeem Ogunniran and the SSG, Barr. ‘Bimbola Salu-Hundeyin during the commissioning. 


Aerial view of the LBIC/Megamound Greater Lagos Apartments, Obele-Oniwala, Surulere, officially commissioned by Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday, May 19, 2025. Inset (l-r): Managing Director/CEO, Lagos Building Investment Company (LBIC) Plc, Mr. Olusola Faleye; Deputy Governor of Lagos State, Dr. Obafemi Hamzat; Governor Babajide Sanwo-Olu; Chairman/CEO, Megamound Investment Limited, Mr. Olumide Osunsina and Onikate of Ikate, Surulere, Oba Lateef Atanda during the commissioning. 


Aerial view of the LBIC/Crown Exquisite Homes, at Iponri, Surulere, officially commissioned by Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday, May 19, 2025. Inset (l-r): Chairman, Crown Exquisite Homes, Mrs. Adebukola Okusaga; Deputy Governor of Lagos State, Dr. Obafemi Hamzat; Managing Director/CEO, Lagos Building Investment Company (LBIC) Plc, Mr. Olusola Faleye; Governor Babajide Sanwo-Olu; Board Chairman, LBIC, Mr. Hakeem Ogunniran and the SSG, Barr. ‘Bimbola Salu-Hundeyin during the commissioning. 


L-R: Deputy Governor of Lagos State, Dr. Obafemi Hamzat; Governor Babajide Sanwo-Olu; Chairman/CEO, Megamound Investment Limited, Mr. Olumide Osunsina and Managing Director/CEO of Lagos Building Investment Company (LBIC) Plc, Mr. Olusola Faleye during the official commissioning of the LBIC/Megamound Greater Lagos Apartments, Obele-Oniwala, Surulere, on Monday, May 19, 2025. 


L-R: Chairman/CEO, Megamound Investment Limited, Mr. Olumide Osunsina; Deputy Governor of Lagos State, Dr. Obafemi Hamzat; Governor Babajide Sanwo-Olu and Managing Director/CEO of Lagos Building Investment Company (LBIC) Plc, Mr. Olusola Faleye during the official commissioning of the LBIC/Megamound Greater Lagos Apartments, Obele-Oniwala, Surulere, on Monday, May 19, 2025. 


L-R: Chairman, Crown Exquisite Homes, Mrs. Adebukola Okusaga; Deputy Governor of Lagos State, Dr. Obafemi Hamzat; Managing Director/CEO, Lagos Building Investment Company (LBIC) Plc, Mr. Olusola Faleye; Governor Babajide Sanwo-Olu; Board Chairman, LBIC, Mr. Hakeem Ogunniran and the SSG, Barr. ‘Bimbola Salu-Hundeyin during the official commissioning of the LBIC/Crown Exquisite Homes, at Iponri, Surulere, on Monday, May 19, 2025. 


L-R: Managing Director/CEO, Lagos Building Investment Company (LBIC) Plc, Mr. Olusola Faleye; Deputy Governor of Lagos State, Dr. Obafemi Hamzat; Governor Babajide Sanwo-Olu; Chairman/CEO, Megamound Investment Limited, Mr. Olumide Osunsina and Onikate of Ikate, Surulere, Oba Lateef Atanda during the official commissioning of the LBIC/Megamound Greater Lagos Apartments, Obele-Oniwala, Surulere, on Monday, May 19, 2025. 


Aerial view of the LBIC/Crown Exquisite Homes, at Iponri, Surulere, officially commissioned by Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday, May 19, 2025.


Aerial view of the LBIC/Megamound Greater Lagos Apartments, Obele-Oniwala, Surulere, officially commissioned by Lagos State Governor, Mr. Babajide Sanwo-Olu, on Monday, May 19, 2025. 


LBICplc 

More photos below. 









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