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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NASARAWA STATE,CONFIRMS 1 OF THEIR PILGRIMS DIED IN THE HAJJ STAMPEDE.

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              Today tuesday,it was confirmed that one pilgrim from Nasarawa state,died while two others were missing in the Saudi Arabia stampede.The confirmation was contained in a statement by the board's Public Relations Officer,Mallam Abdulrazaq Mohammed in Lafia.According to the statement,one of the 54 Nigerian pilgrims confirmed dead by National Hajj Commission {NAHCON} in a stampede in Mina,has been confirmed to be from Nasarawa state.It added that two oither pilgrims from the state who were declared missing had not beed found.The dead pilgrim,the statement said,is Mallam Ahmad Mainasara from Gadaukr community in Toto Local Government Area of the state.It said that the deceased and a close companion were on their way to Jamrat {stoning} when he met his untimely death which was witnessed by the close companion who narrowly escaped the stanpede.It gave the name of the missing person as Mallama Rashida Shuaibu,adding that the name of the other,who hailed from Keffi had not been confirmed.The board explained that its Executive Secretary,Mallam Abubakar Nalaraa,led other board members on a room to room search for pilgrims from state at the holy land to take the stock of pilgrims from the state''.

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