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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SENATE SCREENS AND CONFIRMS DR DORO AS MINISTER. (PHOTO).

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 SENATE SCREENS AND CONFIRMS DR DORO AS MINISTER


Senate has screened and confirmed Dr Bernard Mohammed Doro as Minister of the Federal Republic of Nigeria.


Dr Doro from Plateau state was nominated last week by President Bola Tinubu.


The minister holds degrees in pharmacy and law and masters degree in business strategy and advanced clinical practice.


He is the third person appointed as minister from Plateau state under the current administration. 


First to be appointed was Simon Lalong who later won a court case and proceeded to the senate.


Also appointed was Prof. Nentawe Yilwatda, who also later vacated the ministerial seat, after being appointed the National Chairman of the ruling APC.

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