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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TRUMP URGES DRUGMAKERS TO 'JUSTIFY THE SUCCESS' OF COVID-19 VACCINES. (PHOTO).

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 Trump urges drugmakers to 'justify the success' of COVID-19 vaccines

President Donald Trump on Monday called for pharmaceutical companies to “justify the success” of COVID-19 vaccines, despite previously praising the vaccines developed under his administration’s Operation Warp Speed program in 2020. Trump posted on Truth Social that while many see the vaccines as lifesaving miracles, others disagree, and he demanded more transparency from companies like Pfizer about the results of their studies.

The announcement comes amid ongoing federal changes to COVID-19 vaccine guidance. The Food and Drug Administration recently limited eligibility for the shots to adults 65 and older and those at higher risk of severe illness. Meanwhile, several top officials at the Centers for Disease Control and Prevention have resigned or been removed following disagreements with Health and Human Services Director Robert F. Kennedy over vaccine policy. Despite the shifts, CDC guidance continues to recommend COVID-19 vaccination for everyone six months and older, including pregnant and breastfeeding individuals, citing extensive studies showing safety and effectiveness. Trump highlighted his administration’s role in rapidly developing the vaccines and reiterated that the public deserves full disclosure about the data behind them.

Hospitalization and mortality data continue to show significant protection from COVID-19 vaccines. Studies indicate unvaccinated adults faced more than ten times the hospitalization risk and over twice the risk of death compared with vaccinated individuals during the Omicron surge. The vaccines, first authorized for emergency use in December 2020, have been credited with saving millions of lives in the U.S. The Pfizer-BioNTech, Moderna, and Johnson & Johnson vaccines were all subsidized by the federal government, allowing widespread access at no cost.

Trump, who received his first COVID-19 shot in January 2021, has consistently promoted vaccination while opposing mandates. His remarks arrive amid broader scrutiny of federal vaccine policy, including criticism of Kennedy’s decisions at HHS, such as rescinding grants for mRNA research and ending CDC extended protections. Former and acting CDC directors have expressed concern that recent actions could undermine public health security. The pharmaceutical companies have not yet responded to Trump’s call for further justification of the vaccines’ success.


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