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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77-YEAR-OLD WAR VETERAN GRADUATES AFTER 60 YEARS HE DROPPED OUT.(PHOTO).

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Mike Phillips, a 77-year-old Vietnam war veteran from Texas, has graduated from high school 60 years after he left. 

Mike always regretted not graduating before starting his career in the US Navy, so his girlfriend Mary, a teacher, decided something had to be done. She discovered that as a veteran, he would be able to apply for his high school diploma. 

"Don't think that because something's in the past that it can't be done... it can be done."



 

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