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 BEGINS CONSTRUCTION OF BORDER WALLS ALONG EASTERN BORDERS. (PHOTO).

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 Iran begins construction of border walls along eastern borders

Oct 20, 2024, 9:47 AM


Brigadier General Ahmad Ali Goudarzi told IRNA on Sunday that the initiative aims to prevent the smuggling of fuel, goods, and particularly drugs, adding that it also seeks to address illegal immigration.


According to the Iranian commander, the priority of this project is securing the border with Afghanistan and Pakistan.


“Based on security and military assessments, the most critical areas are the borderlines with Pakistan and Afghanistan, which account for 80% of drug trafficking into Iran,” General Goudarzi explained.


The construction of the border walls has already kicked off in southern Sistan and Baluchestan and in Khorasan Razavi provinces, he said, noting that the next phase will extend to Ilam, Kurdistan, and West Azerbaijan provinces all situated in western frontiers of the country.


General Goudarzi said that funding for the project has been secured, and the focus is now on equipping construction sites.

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