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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GOV. SOLUDO CONGRATULATES IGWE ORIZU OF NNEWI AS HE CLOCKS 100 YEARS (PHOTO).

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Governor Soludo Congratulates Igwe Orizu Of Nnewi As He Clocks 100 Years


The Anambra State Governor, Professor Chukwuma Charles Soludo, has celebrated and congratulated His Royal Majesty, Dr Kenneth Onyeneke Nnaji Orizu III, CON, JP, the Igwe of Nnewi, on the occasion of his remarkable 100th birthday.


In his congratulatory remarks, contained in a statement signed by his Press Secretary, Christian Aburime, Governor Soludo stated “that this significant centenary milestone in the life of Igwe Orizu III is a historic achievement which gladdens the heart and stirs admiration for a long-reigning monarch with undiminished vigour, wisdom, exceptional leadership, and dedication to the service of his people.


Reaching the age of 100 years, the Governor noted, is an extraordinary feat that symbolises divine favour, resilience, and the blessing of longevity. “What makes this achievement even more remarkable is that His Royal Majesty has retained all his mental and physical faculties, continuing to discharge his royal duties with the same sagacity, clarity, and wisdom that have defined his illustrious reign for 62 years


According to Soludo, the Igwe’s contributions to Nnewi, Anambra State and Nigeria transcend traditional ceremonial functions to include fostering peace and harmony, and creating an environment conducive to economic development and social progress.


Thus, his national honour as a Commander of the Order of the Niger (CON) and his appointment as a Justice of the Peace (JP) reflect the high esteem in which he is held at the national level, he added.


Soludo wished the revered monarch greater divine grace, fulfilment, vitality, and many more years of wisdom and guidance as his reign continues to bring prosperity, peace, and progress to Nnewi and Anambra State.

 

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