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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ALGERIA CALLS OUT FRANCE OVER 'HOSTILE PLANS', SUMMON ENVOY. (PHOTO).

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 Algeria calls out France over 'hostile plans', summons envoy


Algeria has summoned French Ambassador Stéphane Romatet for reprimand over what it called “hostile plans" by the French intelligence service, according to Algerian media on Sunday, Anadolu Agency reported.


Romatet was summoned to the Foreign Ministry last week to address accusations of French intelligence involvement in destabilising campaigns in Algeria, the state-run newspaper El Moudjahid reported.


The newspaper said the reprimand followed revelations that the French intelligence service had recruited former Algerian militants to undermine the country's stability.


It cited the case of Mohamed Amine Aissaoui, who was recently featured in a televised confession on Algeria television speaking of a purported conspiracy directed by French intelligence.


Actions 'won't go unanswered'


Algerian authorities warned the French diplomat that such actions “won’t go unanswered” or stand idly by in response to “attacks on its sovereignty," the newspaper said.


There was no French comment on the Algeria media report.


This development marks another chapter in the already strained relations between Algeria and France, which have been marred by disputes over historical memory, migration, and the Western Sahara conflict.


Tensions escalated further in July 2023, when Algeria withdrew its ambassador from France in protest of French President Emmanuel Macron’s support for Morocco’s autonomy plan for Western Sahara.


Algeria, which supports the Polisario Front's call for self-determination in Western Sahara, opposes France’s endorsement of Morocco's autonomy proposal.

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