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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MORE THAN 15 DEAD,50 INJURED AS A FEMALE SUICIDE BOMBER EXPLODED HERSELF TODAY IN DAMATURU MARKET.

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                               Today sunday around 9:30am.,a blast set off by a female suicide bomber tore through a crowded market in Damaturu Yobe state,killing at least 15 people.According to a police spokesman Toyin Gbadegasin ''Fifteen people have been confirmed dead so far and more dead bodies are being brought to the hospital,and around 50 people had been injured''.The explosion today came six days after a suicide bomber  killed three policemen at a checkpoint on the outskirts of the city.No one have claimed responsibility for the bombing,but all fingers points to the Islamist group,Boko Haram.

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