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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HAMAS OFFICIAL SAYS GROUP IS 'READY' FOR GAZA CEASEFIRE, CALLS ON TRUMP TO 'PRESSURE' ISRAEL. (PHOTO).

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 Hamas Official Says Group is ‘Ready’ for Gaza Ceasefire, Calls on Trump to ‘Pressure’ Israel


A senior Hamas official declared on Friday that the group is prepared to agree to a ceasefire in Gaza, provided that a proposal is put forward and Israel honors it. Bassem Naim, a key member of Hamas's political bureau, urged US President-elect Donald Trump to use his influence to push Israel to end the ongoing conflict.


Naim explained that Hamas would accept any ceasefire plan that leads to a definitive halt in hostilities, a military withdrawal from Gaza, the return of displaced people, a prisoner exchange, and the entry of humanitarian aid for reconstruction. These demands echo those Hamas has made in previous ceasefire discussions.


Naim’s comments followed Qatar's announcement that it was suspending its role as a mediator in the ceasefire talks, citing a lack of "seriousness" from both Hamas and Israel. Meanwhile, the war, which began after Hamas’s attack on Israel on October 7, 2023, has resulted in heavy casualties on both sides.

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