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...

ASSOCIATION OF NON-INDIGENES IN ANAMBRA STATE URGES CANDIDATES WHO CONTESTED IN THE LAST ELECTION TO RALLY BEHIND SOLUDO TO TRANSFORM ANAMBRA. (PHOTO)


 Association of Non-Indigenes in Anambra State Urges Candidates who contested in the last Election to Rally Behind Soludo to transform Anambra


Leadership of the Association of Non-Indigenes in Anambra State (ANISA/ANIAS) has appealed to candidates of other parties in the just concluded governorship election in Anambra state to join hands with Gov Chukwuma Soludo to move the State forward.


President of the group, Chief Amb. Great Ugwuoke who made the appeal in a statement on Sunday said such move would be to the best interest of the state.


“It would be in the best interest of Ndi-Anambra and residents alike if all the candidates of other political parties in guber race accept the election results in good faith and join forces with Prof Soludo in his transformational leadership.


While congratulating Soludo over his landslide victory at the poll, Ugwuoke described large turn out of voters across the State as clear testament that security situation in the state had improved tremendously.


The group also applauded the Independent National Electoral Commission (INEC), security agencies and media practitioners for carrying out their respective constitutional responsibilities effectively during the election.


The leadership of ANISA and ANIAS further commended its members for being responsible citizens, urging them to continue to be law abiding.

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