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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I’M REDEFINING POLITICS IN NIGERIA – LAIDE BAKARE. (PHOTO).

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 I’m redefining politics in Nigeria – Laide Bakare


Actress and filmmaker, Laide Bakare, has expressed concern over what she described as the lack of appreciation for the entertainment industry by those in leadership positions.

In a recent interview with Saturday Beats, the actress, who also serves as the Senior Special Assistant to Osun State Governor, Ademola Adeleke, on Entertainment, Arts, Culture and Tourism, stated that entertainment remains an underutilised tool for economic growth.

She said, “We conducted our own research and discovered that the problem stems from those at the top. They tend to underrate the role of entertainment in national development. That is why we are coming up with fresh ideas and programmes to change that narrative.”

Speaking further, Bakare described herself as a trailblazer in the political space, stating her commitment to bridging the gap between entertainment and governance.

“I am a game changer, and I’m changing the game in politics. Entertainment should never be downplayed, especially given its economic value and the opportunities it presents,” she said.

Reflecting on the growth of Nollywood over the years, Bakare expressed satisfaction with the industry’s current state.

“It feels good and fulfilling. Years ago, when we were asked where we saw ourselves in five to eight years, this was the vision. It’s happening now, and I’m really thankful,” she added.

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