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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A BRITON LIVING IN SIERRA LEONE,TESTS POSITIVE TO EBOLA VIRUS TODAY..

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Deadly virus: A Briton is Sierra Leone has tested positive for deadly Ebola. Pictured above are health workers in Liberia carrying a female victim              According to sources,a British national living in Sierra Leone has tested positive to the Ebola Virus.Consular Assistance is being provided to the victim of the disease,which has a fatality rate of around 90 percent and symptoms including vomiting,diarrhoea,organ failure and internal bleeding.Professor John Watson,Deputy Chief  Medical Officer said ''The overall risk to the public in the U.K continues to be very low''.                                                                                                                                                              Quarantine: Slums containing as many as 50,000 people have been cordoned off by African governments in a big to contain the outbreak. Pictured above is a man throwing containers of water across the boundaries  Crisis: West African countries such as Sierra Leone and Liberia (pictured) have been hit particularly hard, and required military intevention to keep the peace Waiting: Potential Ebola victims wait behind a cordon for food from a humanitarian aid shipment to arrive 

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