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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CHINA TO SEND 700 TROOPS TO SOUTH SUDAN TO ASSIST UNITED NATION MISSION.

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                   According to China's Defence ministry spokesman Geng Yansheng said today thursday that China will send 700 troops to join U.N peacekeeping mission in South Sudan.The troops will assist the U.N with protecting citizens and humanitarian workers and in other security related activities in the newly independent country.The location of the troops and the timing of the deployment were still being negotiated.U.N officials have previously said it would be the first time China had contributed a battalion to a U.N peacekeeping mission.Last year China sent a smaller protection unit to join a U.N mission in Mali.More photos below.              

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