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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SHOOTING STARS DEFENDER ''IZU JOSEPH'',SHOT DEAD BY A STRAY BULLET IN BAYELSA YESTERDAY.{PHOTOS}.

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  Image result for izu joseph                Izu Joseph,Shooting Stars defender was reportedly shot dead in his hometown of Okaki in Bayelsa state.According to the player's father,Joseph was hit by a stray bullet which was fired by troops battling Niger Delta militants yesterday sunday.Initial reports had it that Joseph was killed at a restricted area by soldiers on a raid,with his identity as a footballer only established after he had been shot.The powerful central defender joined Shooting Stars from Bayelsa United when the Ibadan club was still in the second-tier Nigeria National League.He was the man of the match at champions Rangers when Shooing Stars drew 1-1 this past season.The Sports Writers Association {SWAN} commented: ''It is indeed a great loss not only to 3SC but also to the football fraternity in Nigeria''.It urged the government to beef up security across the country to prevent a ''recurrence of the avoidable incident that claimed the life of our valuable footballer,Izu Joseph''. More photos below.
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