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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IRAN VS ISRAEL: WE ARE ON THE VERGE OF WW3, SAYS PEACE-PRO. (PHOTO).

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 Iran versus Israel: We are on the verge of WW3, says PeacePro


...Prepare to defend Africa, it urges AU


A peacebuilding think tank, Foundation for Peace Professionals also known as PeacePro has declared that the world is on the verge of World War III, after Iran drops missiles on Israel in retaliation of the attack on its embassy without adequate response from United Nations Security Council.

PeacePro said that, the escalation of crisis between Iran and Israel is an indication of a wider conflict.

In a statement by the Executive Director, Mr Abdulrazaq Hamzat, PeacePro said that the failure of United Nations to quickly provide adequate intervention is a signal the global body has effectively lost control of the global system and the magnitude of conflict the world will experience in coming months cannot be imagined.

According to Hamzat, nations are no longer united and the voice of the United Nations is lost, an indication that the fibric holding global peace has practically collapsed.

“In absence of United Nations, it is safe to say that another world war is hanging around the corner, except something drastic is done to avert the upcoming tragedy”.

Hamzat therefore urges African nations, through Africa Union (AU) to avoid taking sides with the conflicting nations and keep the continent free from global battles.

“The continent should be prepared to defend itself against any external aggression or forceful coersion into global conflict“

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