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 TINUBU TO VISIT ABIA STATE ON MAY 23 FOR ROAD PROJECT COMMISSIONING. (PHOTO).

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 President Tinubu to Visit Abia State on May 23 for Road Project Commissioning


President Bola Ahmed Tinubu is set to visit Abia State on May 23, 2025, to commission the newly reconstructed 6.5-kilometer Port Harcourt Road in Aba, among other projects, according to the Minister of Works, Senator David Umahi. The road, revitalized by Governor Alex Otti’s administration, had been in a state of disrepair for over 15 years.


Umahi shared this update with journalists during an inspection of the Osisioma axis of the 56-kilometer Enugu-Port Harcourt Expressway, a separate federal project. The minister praised Governor Otti for the high-quality reconstruction of Port Harcourt Road, noting its completion as a significant achievement. “You know Otti is my relation, and doing good while in office runs in our veins. I’m not surprised at what he is doing,” Umahi remarked, expressing satisfaction with the governor’s performance.


Addressing concerns about the Enugu-Port Harcourt Expressway, Umahi revealed that reconstruction, which began in 2013, is on track for completion by November 2025, with President Tinubu expected to commission the project. However, he raised concerns about recent damage to a two-kilometer section of the expressway at Osisioma, attributed to a contractor working on underground drainage for the Abia State government. Umahi directed the Controller of Works in Abia to halt the contractor’s activities and report to the Ministry’s headquarters in Abuja for further discussions. He also pledged to collaborate with Governor Otti to resolve the issue amicably.


The upcoming presidential visit underscores the federal and state governments’ commitment to improving infrastructure in Abia State, with the Port Harcourt Road project expected to boost economic activities in Aba, a key commercial hub.

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