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 SUICIDE BOMBER,SHOT DEAD BY SOLDIERS BEFORE HE COULD DETONATE HIS BOMB,IN BUI TODAY.

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              According to sources,a suicide bomber blew himself up at a crowed bus station in Biu,Tashar Gandu motor park today thursday,while a second bomber was shot dead before he could detonate his explosives.Babagana Kyari,a eyewitness,who is also a vigilante said ''Atleast 18 people including three women,died and several others were injured.Two men came as if they were travellers and one of them detonate his explosives in the midst of travellers and petty traders,but the second man was shot and killed by soldiers before he could pull the trigger.The first bomber caused many casualties,but the second bomber was killed and his body is still lying at the scene with the explosives on it''.                

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