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 CONGRATULATES FORMER VICE PRESIDENT NAMADI SAMBO ON HIS TURBANING AS SARDAUNAN ZAZZAU . (PHOTO). #PRESS RELEASE

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 STATEHOUSE PRESS RELEASE


PRESIDENT TINUBU CONGRATULATES FORMER VICE PRESIDENT NAMADI SAMBO ON HIS TURBANING AS SARDAUNAN ZAZZAU

 

President Bola Ahmed Tinubu rejoices with the former Vice President Namadi Sambo on his turbaning as the Sardaunan Zazzau by His Royal Highness, the Emir of Zazzau, Alhaji Ahmed Nuhu Bamalli, on Saturday, October 11.

 

President Tinubu notes that the title of Sardaunan Zazzau—a position of great cultural and historical significance in Northern Nigeria—reflects the Emirate's confidence in the former Vice President's wisdom, integrity, and commitment to society's progress.

 

The President describes the honour as a recognition of Sambo's exemplary leadership and contributions to national development.

 

The President acknowledges Sambo's record of humility, statesmanship and dedication to humanity, noting that his well-deserved investiture as Sardaunan Zazzau further underscores his deep-rooted service to his community and the nation.

 

President Tinubu also commends the Emir of Zazzau for upholding the noble tradition of honouring individuals whose character, leadership, and patriotism embody the Emirate's values and reflect the spirit of unity, service, and integrity.

 

While wishing the former Vice President success in his new traditional role, President Tinubu urges him to continue inspiring and guiding the younger generation, and to work closely with traditional and community leaders to advance peace and development in the country.

 

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

October 10, 2025.

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