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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TRUMP WARNS OF 'BLOODBATH' IF HE LOSES NOVEMBER ELECTION. (PHOTO).

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 Trump warns of 'bloodbath' if he loses November election

Days after securing his position as the presumptive Republican nominee, the former president warned of a "bloodbath" if he is not elected.


Donald Trump told a rally in Ohio that November's presidential election will be the "most important date" in US history, painting his campaign for the White House as a turning point for the country.


Days after securing his position as the presumptive Republican nominee, the former president also warned of a "bloodbath" if he is not elected -- though it was not clear what he was referring to, with the remark coming in the middle of comments about threats to the US auto industry.


"The date -- remember this, November 5 -- I believe it's going to be the most important date in the history of our country," the 77-year-old told rally-goers on Saturday in Vandalia, Ohio, repeating well-worn criticisms that his rival, President Joe Biden, is the "worst" president.

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