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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SOUTH AFRICA RESPONDS TO U. S. EXPULSION OF AMBASSADOR EBRAHIM RASOOL. (PHOTO).

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 South Africa responds to U.S. expulsion of Ambassador Ebrahim Rasool


The South African presidency has expressed regret over the expulsion of its Ambassador to the U.S., Ebrahim Rasool, AP reported.


In a post on X, South Africa has called on all stakeholders to maintain diplomatic decorum in handling the matter and reiterated its commitment to a strong relationship with the U.S.


The statement comes after the U.S. Secretary of State Marco Rubio announced on Friday that Rasool was "no longer welcome" accusing him of being a "race-baiting politician" critical of President Donald Trump. Rubio’s statement followed a webinar where Rasool discussed demographic shifts in the U.S. and the Trump administration's policies.


This rare diplomatic move comes amid rising tensions between the U.S. and South Africa over a controversial land law and claims made by Trump about discrimination against South Africa’s white minority.


South Africa has denied these claims, emphasising that its new land law is aimed at correcting historical injustices from the apartheid era.

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