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...

PHOTOS FROM THE BURIAL OF THE TWO SISTERS KILLED BY ARMED-ROBBERS IN ONITSHA.{PHOTOS}.


      The two young sisters who were killed after being hit by the robbers’ bullets in Onitsha in Anambra State last December – have been laid to rest at their hometown in Agulu area of Anambra state.The girls identified as 11-year-old Vivian Ifeanyinwa Alor and 7-year-old Venus Oyinyechukwu Alor were said to be traveling from Lagos to their village immediately after Christmas to celebrate the festive season with their grandma before they were killed by stray bullets during an armed robbery operation.They were buried on Friday 23rd, amid tears with family, friends and relations in attendance.More photos below.
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