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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MOMENT: RASHFORD ARRIVES IN BARCELONA AS MU EXILE TAKES PAY CUT FOR DREAM MOVE. (PHOTO).

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 Moment: Rashford arrives in Barcelona as MU exile takes pay cut for dream move


Marcus Rashford’s willingness to take a 15 per cent pay cut paved the way for his loan move to Barcelona.


The Spanish champions made the Manchester United outcast - who was seen arriving in Barcelona on Sunday night - their top target this summer despite flirtations with Liverpool’s Luis Diaz and Spain winger Nico Williams.


But Barcelona, who have had major financial issues for years, have so far been unable to register new signings and Rashford might have to wait until after the club’s tour of Asia, which starts this week, to be officially added to their squad.


His salary sacrifice — a 15 per cent reduction on his £315,000-a-week wages — makes that more likely.


Barcelona had problems registering players last summer with new arrival Dani Olmo having to sit out the first three matches of the campaign before eventually getting La Liga clearance.


Rashford almost signed for Barcelona in January but La Liga insisted the club sell before they buy and when they failed to offload Ansu Fati, who has since moved to Monaco, the deal had to be put on hold.


Rashford arrives with no obligatory buy-clause and already publicly declared desire to link up with Yamal.


He flew into Barcelona on Sunday night and will train for the first time with his new team-mates on Tuesday subject to a medical on Monday.

More photos below. 



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