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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BUS CRASH IN IRAN KILLS AT LEAST 28 PAKISTANI PILGRIMS TRAVELING TO IRAQ. (PHOTOS).

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 Bus crash in Iran kills at least 28 Pakistani pilgrims travelling to Iraq

Accident in central province of Yazd was blamed on a defective braking system, according to preliminary police probe.  At least 28 pilgrims from Pakistan have been killed and 23 injured after their bus overturned in central Iran, according to Iranian state media..


The accident took place late on Tuesday in the central province of Yazd. There were 53 passengers on board when the bus crashed en route to the holy city of Karbala in Iraq for the Arbaeen pilgrimage. A technical defect in the vehicle’s braking system caused the accident, according to a preliminary investigation by traffic police in Yazd, state media reported on Wednesday..


Millions of Shia Muslims are currently taking part in the Arbaeen pilgrimage and they typically drive through Iran to reach their destination..


“Unfortunately, 11 women and 17 men lost their lives in this accident. Seven of the injured people are in critical condition and six injured people have now left the hospital,” Ali Malekzadeh, the crisis management director general of Yazd, told state TV..


Of the 23 people injured, six have been discharged while seven are in critical condition, he said..

One more photo below. 


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