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...

POLICE REINFORCE BAN ON MOTORCYCLES IN OWERRI. (PHOTO).


 Police reinforce ban on motorcycles in Owerri


In a bid to enhance crime control within Owerri, the state capital, and its environment, the Imo State Police Command has reinforced the ban on the use of motorcycles within the capital city as it enjoined the general public to adhere to the directives.


Police Public Relations Officer ASP Henry Okoye, in a press statement, informed that the order takes immediate effect, warning that any violator of the directive will be arrested and their motorcycles impounded.


He stated that the measure is part of the ongoing efforts by the state government to enhance security and reduce crime within the metropolis.


ASP Okoye hinted that the ban is specifically aimed at curbing criminal activities which he said have been facilitated by the use of motorcycles.


In addition, the police spokesperson pointed out that the measure seeks to alleviate traffic congestion within the city, fostering a safer and more efficient environment for all road users.


Following the new development, the Imo State Police Command, through the statement, urged all residents and motorcyclists to comply with the law, warning that police operatives will continue to strictly enforce the ban, and violators will face appropriate legal action.


“Citizens are encouraged to support these efforts to ensure the safety and well-being of everyone,” Okoye stated.

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