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. ABIODUN VISITS OBASANJO, APPRECIATES HIM FOR GRACING PROJECT COMMISSIONING..(PHOTOS).

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 ABIODUN VISITS OBASANJO, APPRECIATES HIM FOR GRACING PROJECT COMMISSIONING


Ogun State Governor, Prince Dapo Abiodun, CON, on Tuesday visited former President Chief Olusegun Obasanjo to express appreciation for honoring the state with his presence during the commissioning of landmark projects by President Bola Ahmed Tinubu, GCFR.


Governor Abiodun noted that Chief Obasanjo’s presence added great significance to the occasion and further underscored the importance of the developmental strides being recorded in Ogun State.

More photos below. 






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