The Nigerian National Petroleum Corporation on Thursday called on the Federal Government to scrap the Petroleum Support Fund (PSF) otherwise known as petroleum subsidy because government should not guarantee the price of crude oil that it does not control.
In his presentation during the 2015 Oloibiri Lecture and Energy Forum of the Society of Petroleum Engineers (SPE) in Abuja, the corporation’s Group Executive Director, Corporate Strategy and Planning, Dr. Timothy Okon, described subsidy as the difference between the landing cost of petroleum products and the price for which it is sold.
The All Progressives Congress (APC) has urged the newly-appointed Acting Inspector-General (IG) of Police, Solomon Arase, to approach his new task with a high level of professionalism, shouldn’t delve into the kind of crass partisanship that has dragged key national institutions of state, especially the police, into the partisan fray.
In a statement issued in Abuja on Thursday by its National Publicity Secretary, Lai Mohammed, the party advised the Acting IGP to learn from the fate that befell his predecessors who, under their watch, turned the police into the enforcement arm of the ruling party, thus allowing the institution to be wantonly used to thwart the will of the people and act in ways that negate its constitutional mandate of maintaining law and order.
In preparation for the May 29 handover and Presidential Inauguration, a joint committee of the outgoing and incoming government met on Thursday to discuss issues that will ensure a smooth transition.
The committee is co-chaired by the Secretary to the Government of the Federation, Pius Anyim, who represents the outgoing government, and former Bayelsa state Governor, Timipre Sylva, who leads the delegation of the incoming government.
Kaduna State Governor-elect, Nasir El-Rufai, on Wednesday inaugurated the All Progressives Congress transition committee ahead of his May 29, 2015 assumption of office.
The committee is chaired by Mr. El-Rufai’s Chief of Staff when he was Minister of the Federal Capital Territory from 2003 to 2007, Balarabe Lawal.
Mr. El-Rufai’s spokesperson, Samuel Aruwan, disclosed this in a statement issued in the state.