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...

INDIA AND JAPAN SIGNS CIVIL NUCLEAR DEAL TODAY.{PHOTOS}.

Image result for india ,japan sign civil nuclear deal photos                     Today friday India signed a nuclear deal with Japan during the annual bilateral summit held in Tokyo.Sealing the deal was the high point of Prime Minister Narendra Modi's ongoing visit to Japan.The PM issued a media statement describing it as a ''historic step''.The nuclear deal which will help India access Japan's nuclear market,had been under negotiation for six years and was firmed up during the 2015 visit of Prime Minister Shinzo Abe to India when principles of the agreement were frozen.However,the final seal on the text had to wait legislative clearance from Japan.The deal is significant as it will help guarantee Japan's continued support to India's civil nuclear programme.Apart from the Russian reactors,the planned nuclear rectors with France and Us depend on Japaneses parts.That apart,GE,Westinghouse,and Areva,the companies planning reactors in India have important ownership stakes of Japanese companies Hitachi,Toshibi and Mitsubishi ,that were stopped from doing business with India without a final nuclear deal.Negotiation on the deal began in 2010 during the UPA government however the negotiations were stuck on India's non-membership status in non-proliferation treaty {NPT}.However ,friday's  conclusion of the deal made India the first non-NPT signatory to have a civil nuclear deal with Japan.More photos below.
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