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...

KADUNA BOMBING: OBI URGES MILITARY TO BE CAUTIOUS, PROFESSIONAL.(PHOTO).


Kaduna Bombing: Obi Urges Military To Be Cautious, Professional


The Labour Party presidential candidate, Peter Obi, has expressed grief over the death of dozens of persons caused by the drone airstrike in the Igabi Local Government Area of Kaduna State by the Nigerian Army.


In a series of tweet on his X handle on Tuesday, the former Anambra State Governor stated that the Nigerian military must exercise utmost caution and professionalism to avoid reoccurrence.


He wrote, "I read with sadness, the devastating reports of the accidental bombing of Tudun Biri Village in the Igabi Local Government Area of Kaduna State, by a Nigerian Army craft that mistook the villagers for terrorists. The lethal incident left death tolls reported to have risen to 80 persons, with several others injured. 


"While our military continues to fight impressively against insecurity in many parts of the country, they must exercise utmost caution and professionalism to avoid this kind of embarrassment to both the military and the country. 


"Any incident that leads to harm or loss of lives of the innocent people they are meant to protect should be avoided. 


"Even though the mishap is one too many, the security agencies should work with reliable human intelligence report on ground before any offensive attack to avoid innocent casualties as has reported in this case.


"Fatal mistakes like this leave indelible trauma on the families who have lost their loved ones to this ugly and unfortunate mishap. I sincerely commiserate with families that lost their loved ones. And to the dead, I pray God Almighty to forgive their sins and grant them eternal rest, and quick healing to the injured. 


"We pray that such a mistake leading to a sorrowful outcome, as this, never happens again in our country. It is regrettable that the problem of insecurity in our nation has persisted for so long that we are now paying such unintended human costs as collateral damage."


 

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