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 REJOICES WITH GOVERNOR OTU OF CROSS RIVER STATE ON HIS BIRTHDAY. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE


PRESIDENT TINUBU REJOICES WITH GOVERNOR OTU OF CROSS RIVER STATE ON HIS BIRTHDAY

 

President Bola Tinubu congratulates the Governor of Cross River State, Senator Bassey Edet Otu, on his 66th birthday.

 

The President joins members of the Otu family, friends, and associates of the Governor in celebrating a legacy of leadership, service, and commitment to the public good.

 

President Tinubu commends Governor Otu for placing people at the heart of governance through his People First agenda, which prioritises human capital development by making strategic investments in education, health security, food security, and cultural empowerment.

 

The President lauds the Governor's strides in education, including the establishment of the University of Education and Entrepreneurship and the College of Agriculture, which are preparing a new generation of skilled professionals to drive sustainable growth in the state.

 

President Tinubu extols the Governor's pursuit of industrialisation through the Special Agro-Industrial Processing Zone in Adiabo, an initiative supported by the African Development Bank, which aligns with the Federal Government's commitment to strengthening value chains, promoting export competitiveness, and creating jobs for Nigerian youth.

 

The President expresses confidence that, under Governor Otu's watch, several ongoing infrastructural projects, including the proposed Bakassi Deep Seaport, the 700km coastal highway linking Calabar to Lagos, the 450km Trans-Sahara Superhighway to Abuja, the river port, and the free trade zone will transform Cross River into a significant hub for commerce, logistics, and tourism in West Africa.

 

President Tinubu wishes Governor Otu continued good health, strength, and wisdom in the service of his people and the progress of Nigeria.

 

Bayo Onanuga

Special Adviser to the President

(Information & Strategy)

October 18, 2025

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