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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SOME OF THE MISSING CHIBOK GIRLS WERE RELEASED TODAY BY BOKO HARAM.

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                   According to a military source,two Toyota Hiace buses loaded with the girls were driven into the Maimalari Barracks in Maiduguri this evening {today tuesday}.Dfence spokesperson,Chris Olukolade,confirmed the development,he said the exercise is still ongoing and that appropriate statement would be made soon.The missing Chibok girls,were kidnapped by the deadly Islamic group Boko Hara since April 14 from their school.                                                                                                                      

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