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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LEBRON JAMES MAKES HISTORY AS LAKERS EDGE WARRIORS IN THRILLING CHRISTMAS DAY VICTORY. (PHOTO).

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LeBron James Makes History as Lakers Edge Warriors in Thrilling Christmas Day Victory


LeBron James made NBA history with his 11th Christmas Day victory as the Los Angeles Lakers narrowly defeated the Golden State Warriors 115-113. Despite losing Anthony Davis early to an ankle injury, the Lakers held their ground. James, the team’s leader, scored 31 points, while Austin Reaves, like a clutch closer in a tight race, sank a game-winning lay-up with one second remaining. Reaves also posted an impressive triple-double with 26 points, 10 rebounds, and 10 assists.


The Warriors, led by a scorching hot Stephen Curry with 38 points and eight three-pointers, staged a late comeback. But Reaves’ last-second basket kept the Lakers ahead, sealing the victory despite Davis' absence.

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