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. SANWO-OLU CONGRATULATES BABAJIDE KOLADE-OTITOJU ON APPOINTMENT AS TVC'S DIRECTOR OF NEWS. (PHOTO). #PRESS RELEASE.

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 SANWO-OLU CONGRATULATES BABAJIDE KOLADE-OTITOJU ON APPOINTMENT AS TVC'S DIRECTOR OF NEWS


The Governor of Lagos State, Mr Babajide Sanwo-Olu, has congratulated renowned and award-winning journalist, Mr Babajide Kolade-Otitoju, on his new appointment as the Director of News of Television Continental (TVC).  


 

He described Kolade-Otitoju's appointment as deserving, considering his experience, commitment and long years of service in the media industry, particularly at TVC.


 

Governor Sanwo-Olu, in a statement issued on Friday by his Special Adviser on Media and Publicity, Mr Gboyega Akosile, said Kolade-Otitoju, as an award-winning journalist and seasoned media practitioner with over 30 years of experience in the sector, has what it takes to deliver effectively in his new assignment.


 

He said: “On behalf of my family, the government and the people of Lagos State, I congratulate Mr Babajide Kolade-Otitoju on his new appointment as the Director of News of TVC. The appointment is well deserved based on his hard work and commitment to the media organisation.


 

"BKO, as Babajide Kolade-Otitoju is fondly called, is an inspiration and role model to many journalists, both in the print and broadcast media, especially members of staff of TVC Communications, where he has made positive impacts for many years.


 

“I believe that his appointment is well deserving, having proved his mettle in the pen pushing profession, with a proven track record of excellence in journalism.


"I wish Babajide Kolade-Otitoju success in his new assignment as the Director of News of TVC."

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