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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IN A STATE IN INDIA, A STATE GOVT WANT CITIZENS TO HAVE MORE CHILDREN, WITH CASH INCENTIVES ATTACHED TO THOSE WHO HAVE MORE CHILDREN. (PHOTO).

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 N Chandrababu Naidu has announced fresh financial incentives for families having more children in Andhra Pradesh amid concerns over the state’s declining population growth.


Under the new scheme, the state government will provide ₹30,000 to families for a third child and ₹40,000 for a fourth child.


Naidu said the falling fertility rate in Andhra Pradesh has become a serious concern, adding that children should now be viewed as an important economic resource and national asset.


The Chief Minister has been actively advocating for larger families as the state’s Total Fertility Rate (TFR) has reportedly dropped to 1.5, well below the replacement level benchmark of 2.1.


The latest announcement expands earlier measures introduced by the government, including incentives for second children, free education for third children till the age of 18 and plans to establish fertility clinics.


Officials warned that if the declining population trend continues, nearly 23 percent of Andhra Pradesh’s population could be above 60 years of age by 2047.


The move has triggered nationwide discussion, with Andhra Pradesh emerging as one of the few states openly encouraging population growth through direct financial incentives.


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