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...

VP SHETTIMA DEPARTS ABUJA FOR ABIDJAN. (PHOTO).


VP Shettima Departs Abuja For Abidjan

Vice President Kashim Shettima has departed Abuja for Abidjan, Côte d'Ivoire, to represent President Bola Ahmed Tinubu at the inauguration of Alassane Ouattara for a fourth term in office as President of that country.

In a Statement by the Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha said Shettima is expected to join other leaders across Africa and beyond to witness activities lined up for the swearing-in ceremony scheduled to hold on Monday, December 8, 2025, at the Presidential Palace in Abidjan.

Quatara was re-elected for a fourth term in office on October 25, 2025 as President of Côte d'Ivoire, a West African country that shares cordial diplomatic ties with Nigeria.

Both nations collaborate significantly within ECOWAS and the African Union on security, trade, and development, formalised by a Bi-National Commission and numerous agreements covering areas like anti-trafficking, agriculture, and digital economy, with strong informal trade and significant Nigerian diaspora in Côte d'Ivoire, fostering deep bilateral economic and social connections. 

The Vice President is accompanied by HE Omar Aliyu Touray, President of ECOWAS Commission; Senator Abubakar Sani Bello, Chairman, Senate Committee on Foreign Affairs and Hon. Usman Zannah, member representing Kaga/Gubio/Magumeri Federal Constituency in the House of Representatives.

The Vice President is expected back in Abuja at the end of the inauguration ceremony.

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