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...

JOE BIDEN TO IMPOSE SOUTH AFRICA TRAVEL BAN TO COMBAT NEW COVID-19 VARIANT.{PHOTO}.

 

WASHINGTON (Reuters) - President Joe Biden will impose a ban on most non-U.S. citizens entering the country who have recently been in South Africa starting Saturday in a bid to contain the spread of a new variant of COVID-19, U.S. public health officials told Reuters.

Biden on Monday is also reimposing an entry ban on nearly all non-U.S. travelers who have been in Brazil, the United Kingdom, Ireland and 26 countries in Europe that allow travel across open borders, said the sources, who requested anonymity because the plans have not yet been made public.

Then-President Donald Trump directed on Jan. 18 those restrictions on Brazil and Europe be lifted effective Tuesday but Biden’s proclamation will rescind that decision.

Biden, who took office on Wednesday, is taking an aggressive approach to combating the spread of the virus in travel after Trump rejected mandates sought by U.S. health agencies.

Some health officials are concerned that current vaccines may not be effective against the South Africa variant, which also raises the prospect of re-infection.

The South African variant, also known as the 501Y.V2 variant, is 50% more infectious and has been detected in at least 20 countries. CDC officials said they would be open to adding additional countries to the list if needed.

The South African variant has not yet been found in the United States but at least 20 U.S. states have detected a UK variant known as B.1.1.7. Current vaccines appear effective against the UK mutations.

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