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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ARMY RECOVERED ARMS FROM BANDITS IN TARABA STATE.{PHOTOS}.

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Image may contain: one or more people, people sitting, shoes and outdoor
    1. Troops deployed on Exercise AYEM AKPATUMA while on patrol at Donga, Donga Local Government Area of Taraba State recovered arms abandoned by armed bandits who fled the area on sighting the troops.
2. Items recovered include:
a. One AK 47 rifle.
b. Two magazines.
c. Twelve rounds of 7.62mm special ammunition.
3. The public is advised to cooperate with the security agents by reporting any suspicious activities for prompt action.
4. You are please requested to disseminate this information to the public.
5. Thank you for your kind cooperation.
TEXAS CHUKWU
Brigadier General
Director Army Public Relations
More photos below.

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