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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TANZANIA'S POLICE X ACCOUNT HACKED, ANNOUNCES PRESIDENT SAMIA'S 'DEATH'. (PHOTO).

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 Tanzania's police X account hacked, announces President Samia's 'death'


Tanzania's police X account has been hacked to publish a hoax post on the death of President Samia Suluhu Hassan, TRT Afrika reported.


Police said the “false and misleading post”, which has since been pulled down, was published on their account by an external party. The authorities have not named any suspects.


The YouTube channel of the Tanzania Revenue Authority was also targeted, according to Tanzanian news outlets, raising fears of a coordinated cyberattack on government institutions.


However, the authorities have assured that the situation was brought under control.


The attack came amid an increasingly tense political atmosphere in the East African country, which is due to hold elections later this year.


President Samia Suluhu Hassan came to power in 2021 after the death of her predecessor John Magafuli. She was his deputy.


There have been speculations that she will contest in the forthcoming elections, but she has not publicly declared her intention to do so.

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