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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UMAHI JOINS GOVERNOR OTTI TO INSPECT CONSTRUCTION OF FEDERAL ROAD THAT ARE IN PARTNERSHIP ABIA STATE GOVERNMENT FOR CONSTRUCTION AND REHABILITATION . (PHOTOS).

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 Umahi Joins Governor Otti to inspect Construction of Federal Road that are in partnership Abia State Government for construction and rehabilitation 


The Minister of Works, Senator Engineer David Umahi, CON, on Friday inspected several federal roads that are under construction and rehabilitation in Abia State.


Umahi commended Governor Otti’s proactive approach to fixing dilapidated federal roads, describing him as a leader focused on the needs of his people rather than partisan considerations.


The Governor of Abia expressed his gratefulness to the Minister of Works for the  commendation of his  administration's commitment to infrastructure, and the  collaborative synergy with the Federal Government under the leadership of His Excellency, President Bola Ahmed Tinubu, GCFR. 


Otti mentioned that The  partnership between Federal Government and Abia State Government has already yielded approvals for key Federal roads in Abia State, including:


- Umuahia-Ikot Ekpene Road (flagged off last week)

- Owerrinta-Umuikaa dualization (ongoing)

- Onuimo-Tower Road dualization (ongoing)

- Ohafia-Arochukwu Road (ongoing), and

- The recently completed Omenuko Bridge


The Honourable Minister did not mince words in expressing his expectations, especially to contractors handling critical segments of the road. Otti noted that the people of Abia endured hardship for decades due to bad road and this is why he is fully committed to fixing the roads


"For over a decade, our people endured hardship due to the deplorable state of this corridor. That is why we are fully invested in ensuring that this expressway, and others like it, are completed to the highest standard."


Otti also thank the Honourable Minister for listening to his plea and rescinding the proposed termination of the CCECC contract. With renewed commitment from the contractors, we expect visible progress in the coming weeks.

More photos below. 



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