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 RECALLS DG OF NTA, ED NEWS; SETS ASIDE FRESH APPOINTMENTS. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE

PRESIDENT TINUBU RECALLS DG OF NTA, ED NEWS; SETS ASIDE FRESH APPOINTMENTS


President Bola Ahmed Tinubu has directed the recall of Mr Salihu Abdullahi Dembos, the Director-General of the Nigerian Television Authority (NTA), who briefly vacated the post following some management changes in the agency.


Dembos was appointed DG of the TV network by President Tinubu in October 2023. He will now return to complete his three-year tenure.


The President similarly directed the recall of Mr Ayo Adewuyi, the Executive Director of News, to complete his three-year tenure, which ends in 2027.


Adewuyi was appointed by President Tinubu in 2024.


The new directive effectively reversed the previously announced appointments of a director-general, executive director of news, executive director of marketing, and managing director of NTA Enterprises.


Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

September 2, 2025

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