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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EXPIRED SANITIZERS/FAKE EBOLA TEST KITS SELLERS,ARRESTED BY NAFDAC.

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                                                    According to the Director General of National Agency for Food and Drugs Administration and Control {NAFDAC},Dr Pual Orhii,made these case known at a press briefing on activities of the agency at the Oshodi branch in Lagos.He said ''We wonder how some people can be so callous to make money out of the situation despite this deadly disease called Ebola.The most troubling is the case of Mr James Nnaji of 116,Oguta road,Onitsha,who imported expired brands of hand sanitisers through NAHCO Lagos.The products were soft care natural,soft care lemon,soft lavender,soft care apple,all of which had expired in December 29,2012,two years ago,but yet found their way into the country.The suspect was trailed and apprehended by the agency and upon interrogation he claimed that one Mr Lateef Bamisedun,supplied him the kits from Canada.The danger associated with the use of sub-standard hand sanitisers and untested Ebola test kits is indeed grave and could derail all efforts put in place to contain the spread of the Ebola virus disease in the country''.Hr further warned the general public not to patronize such unregistered and fake test kits and to report and suspected cases of fake and unregistered regulated products to the nearest NAFDAC office.                                                                                                                                                           

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