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...

FG DECLARES MAY 1ST AS PUBLIC HOLIDAY TO MARK INTERNATIONAL WORKERS’ DAY. (PHOTO).


 FG DECLARES MAY 1ST AS PUBLIC HOLIDAY TO MARK INTERNATIONAL WORKERS’ DAY


The Federal Government has declared Friday, 1st May, 2026, as public holiday to mark International Workers’ Day.


In a statement by the Permanent Secretary, Ministry of Interior, Magdalene Ajani, says the declaration was made on behalf of the Federal Government by the Minister of Interior, Olubunmi Tunji-Ojo.


The Minister congratulates Nigerian Workers and commends their contribution to national development.


He urges workers to remain committed to productivity, patriotism, and dedication to duty.


Tunji-Ojo equally assures that the government remains committed to improving workers’ welfare and creating an enabling environment for economic growth.


He calls on Nigerians to remain peaceful and law-abiding, while reflecting on unity and hard work as key to nation-building.

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