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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BOKO HARAM KINGPIN, ABU ASAD, OTHERS KILLED IN NAF AIRSTRIKES IN BORNO. (PHOTO).

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 Boko Haram kingpin, Abu Asad, others killed in NAF airstrikes in Borno


The Nigeria Air Force, NAF, said it has eliminated a key Boko Haram terrorist leader, Abu Asad and several others in air strikes on the hideout of the terrorists at Tagoshe on the Mandara Mountains in Borno.

The Director, of Public Relations and Information of NAF, Air Commodore Edward Gabkwet said the air strikes which were conducted on Friday, was one of the most successful strikes undertaken by the air component of Operation Hadin Kai in recent time in a statement on Saturday in Abuja.

Gabkwet said the air strike followed the discovery of a gathering of terrorists in an isolated location consisting of three zinced structures amid several trees.

He added that it was evident from the footage that the terrorists were massing up at the location for either a well-planned meeting or preparing for a major attack on troops.

According to him, over 100 heavily armed terrorists were observed throwing banters and moving randomly around the structures, which also had four troop carriers.

“The aftermath of the air strike revealed that two out of the three structures, as well as the entire troop carriers, were destroyed.

“There are also indications that Abu Asad, a key figure in the Ali Ngulde group under Boko Haram, as well as other terrorists like Ibrahim Nakeeb, Mujaheed Dimtu, Mustafa Munzir and several fighters were among the several terrorists eliminated in the air strike,” he said.

The Chief of the Air Staff, Air Marshal Hasan Abubakar, has commended the Air Component Commander and his men for the feet.

Abubakar urged them to continue to synergise with the Land Component while maintaining the momentum in keeping the terrorists on their toes.

He said they must continue to justify the trust and confidence the Federal Government and the people of Nigeria have in them.

“You must ensure that we go all out in making life unbearable for these terrorists and criminals until they surrender or are completely eliminated,” he said.

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