ATIKU MUST EXPLAIN THE LEGAL AND FISCAL BASIS OF HIS PETROL SUBSIDY PROPOSAL. (PHOTO). #PRESS RELEASE.

Image
 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...

RE: REPORT OF ATTACK ON THE CONVOY OF BORNO STATE GOVERNOR.{PHOTOS}.#PRESS RELEASE.


Governor Borno on Twitter: "Borno: @ProfZulum directs enrollment ...
    1. The convoy of the Executive Governor of Borno State, Professor Babagana Gana Zulum came under Boko Haram Terrorists fire while visiting Baga Town on the 29th of July 2020. The Executive Governor had earlier paid a visit to the Commander, 19 Brigade at the Nigerian Army Super Camp Baga where he was fully briefed about the prevailing security situation in the general area. The unfortunate incident occurred shortly after the Governor and his entourage departed the Super Camp to visit other parts of Baga town. The incident forced the Governor to abort his planned movement to Baga.
2. Although, details of the unfortunate incident is sketchy and under investigation, efforts are ongoing to comb the area where the incident occurred with a view to track down and deal decisively with the attackers. An investigation is also in progress to identify the circumstances that led to the attack.
3. Regretably, this is an isolated and most unfortunate incident that occurred in a territory where normalcy has since been restored with socio-economic activities picking up. The Nigerian Army wants to reassure the general public that this will be interrogated with a view to forestalling future re-occurance.
4. Additionally, Nigerian Army wishes to inform the general public that it will continue to discharge its responsibilities professionally with respect for the fundamental human rights of all Nigerians and in compliance with the extant rules of engagement. The good people of Baga town and indeed the entire Borno State are enjoined to continue to provide credible information that will assist the security agencies to successfully combat terrorism as well as apprehend and flush out the perpetrators of the attack.
SAGIR MUSA
Colonel
Acting Director Army Public Relations
30 July 2020 .
No photo description available.

Comments

Popular posts from this blog

MUSICIAN HARRY-SONG,REVEALS THE FACE OF THE FEMALE FAN WHO IS THREATENING TO KILL HIM.{PHOTOS}.

INNOSON GIVES OUT BRAND NEW IVM G5 AND SALARY FOR LIFE TO THE MAN WHO PROPHESIED ABOUT HIS VEHICLE MANUFACTURING IN 1979.(PHOTO).

THE NEW OONI OF ILE-IFE,WILL NOT EAT THE HEART OF THE LATE OONI-PALACE CHIEFS.