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 TRANSMITS LEGAL PRACTITIONERS BILL TO NASS. (PHOTO).

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 PRESIDENT TINUBU TRANSMITS LEGAL PRACTITIONERS BILL TO NASS


President Bola Tinubu is introducing fundamental reforms to legal practice in Nigeria to ensure practitioners conform to ethics, accountable as well as enhance access to justice.


A proposal to that effect; the legal practitioners act, repeal and reenactment bill has been transmitted to the National Assembly for consideration and passage.


President of the Senate Godswill Akpabio while reading the executive communication said the bill has proposals for issuance of license to legal practitioners, introduction of two year tutelage and compulsory continuous professional development programme.


In another development, senate has in line with tradition adjourned plenary in honor of late Senator Okechukwu Ezea representing Enugu North who died last week Tuesday

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