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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LASG URGES MANAGEMENT OF TRADE FAIR COMPLEX TO TAKE ADVANTAGE OF PLANNING PERMIT AMNESTY. (PHOTO). #PRESS RELEASE.

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 LASG URGES MANAGEMENT OF TRADE FAIR COMPLEX TO TAKE ADVANTAGE OF PLANNING PERMIT AMNESTY


The Lagos State Government has urged the management of Trade Fair Complex to emulate other Federal Ministries, Departments, and Agencies (MDAs) and take advantage of the ongoing Planning Permit Amnesty for existing buildings without approval.


The State Commissioner for Physical Planning and Urban Development, Dr Oluyinka Olumide, gave the advice on Tuesday at Alausa, Ikeja, stressing that many Federal Government Agencies, including the Nigeria Railway Corporation (NRC) and the Federal Airport Authority of Nigeria (FAAN), have come forward and commenced the process of regularising their buildings under the current Amnesty Programme.


He enjoined the management of the International Trade Fair Complex to take a cue from other Government Agencies and hasten up to obtain Planning Permits for structures in the complex during the Amnesty window that was graciously approved by the Governor of Lagos State, Dr Babajide Olusola Sanwo-Olu.


“Building Approval is not negotiable for all structures within the confines of Lagos State as stipulated by the Lagos State Urban and Regional Planning and Development Law 2019 as amended”, he said.


He emphasised the need for owners of buildings without approval to key into the programme and avoid subsequent enforcement as planning approval was germane to the achievement of the livable and sustainable city goal of the State Government.


The current Amnesty window, the third of its kind under Governor Babajide Olusola Sanwo-Olu's administration, runs from 1st November to 31st December 2025, during which the usual penal fees will be waived.

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