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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SIX ABDUCTED AS ARMED BANDITS INVADE KADUNA COMMUNITY. (PHOTO).

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Six Abducted As Armed Bandits Invade Kaduna Community


Armed bandits have reportedly abducted six individuals in the early hours of Sunday in Hayin Gizo, a remote area in the Garun Kurama district of Lere Local Government Area, Kaduna State.


According to a local source, the attackers stormed the community around 1:30 a.m., brandishing weapons and terrorizing residents in an operation that lasted until about 3:00 a.m.


“The kidnappers took six able-bodied men and a woman,” the source said. “They later released the woman due to her poor health condition.”


Among the abducted are two Igbo traders residing in the area. The source urged security agencies and compassionate citizens to intervene swiftly to ensure the victims' safe return.


He described the abductees as subsistence farmers struggling to make ends meet, appealing to the kidnappers for mercy, as their families are unable to afford any ransom.


Lere and neighboring local government areas—Kauru, Kachia, Zango Kataf, and Jema’a—have seen a troubling increase in abductions and armed attacks in recent months.


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