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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TRADEDY STRIKES ON N2 NEAR MTHATHA: 7 LIVES LOST IN TAXI-TRUCK COLLISION. (PHOTO).

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 Tragedy Strikes on N2 Near Mthatha: 7 Lives Lost in Taxi-Truck Collision


A devastating accident occurred today on the N2 highway near Mthatha, resulting in the loss of seven lives. The collision involved a taxi and a truck, with the truck driver allegedly fleeing the scene. Authorities and insurance companies are currently in pursuit of the driver.

More photos below. 



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