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...

SOYINKA SLAMS TINUBU, SAYS 'BATTALION GUARDS' FOR SEYI ARE NEEDED IN TROUBLED REGIONS. (PHOTO).


 Soyinka slams Tinubu, says 'battalion guards' for Seyi are needed in troubled regions


Nobel Laureate, Prof. Wole Soyinka, has urged President Bola Ahmed Tinubu to reconsider the heavy deployment of police and military personnel attached to his son, Seyi Tinubu, saying such resources are urgently needed in more insecure parts of the country.

Soyinka made the appeal while speaking in honour of veteran poet, Odia Ofeimun, who received a special recognition award at the Wole Soyinka Centre for Investigative Journalism held at the MUSON Centre, Onikan, Lagos.

Recounting an encounter at a hotel in Ikoyi, Soyinka said he was taken aback when he saw a young man surrounded by a sizeable number of security officers. At first glance, he assumed a film production was taking place, owing to the sheer presence of uniformed security personnel.

According to him, the young man later approached to greet him, and Soyinka asked what movie was being shot, only to be told there was none. Curious, he returned to his car and asked his driver for clarity. It was at this point he learned the person was Seyi Tinubu, son of the President.

Soyinka explained that he was concerned enough to call the National Security Adviser (NSA) to describe exactly what he had witnessed.

He said he wondered why such a large deployment of personnel would be assigned to one individual, especially when the nation is grappling with pockets of insecurity.

Speaking humorously, he remarked that if the country faced an outbreak of insurgency, perhaps the President should ask Seyi to “go and handle it,” given the number of officers around him.

However, Soyinka added that beyond the humour lies a serious matter of priority and fairness.

He noted that assigning a battalion of security operatives to a single individual does not reflect well on a nation battling kidnappings, rural attacks, insurgency and criminal violence.

He urged President Tinubu to review the level of security protection provided to individuals, insisting that the presence of military personnel should be concentrated in volatile regions where citizens genuinely need support and reassurance.

According to him, national security deployments must reflect the realities facing the larger population, rather than being concentrated around the privileged few.

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