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 BOKO HARAM MEMBERS IN SAMBISA FOREST,ARE SURRENDERING WILLINGLY.

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                 I just got a report from Vangaurd that some Boko Haram members have started surrendering willingly to the Nigerian troops following the offensive by ground troops and air strikes on Sambisa by the Nigerian Air force.Many of the terrorists were seen moving out of the Sambisa forest because they can't stand the heat from the Nigerian troops.A statement  by the acting Director of Public Relations,Colonel Sani Kukasheka Usman noted that the action of the terrorists,meant to escape collateral damage,was due to the new offensive strategies put in place for operation Lafiya Dole by the military high command.

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