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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21 DEAD, 144 INJURED IN ANAMBRA ROAD CRASHES FROM JANUARY TO OCTOBER— FRSC. (PHOTO).

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 21 Dead, 144 Injured in Anambra Road Crashes from January to October— FRSC


The Federal Road Safety Corps (FRSC) in Anambra State has revealed that 21 people lost their lives, while 144 others sustained various degrees of injuries in different road accidents across the state between January and October 2025.


Sector Commander, Bridget Asekhauno, disclosed this while addressing journalists, noting that most of the crashes were caused by speeding, dangerous driving, and brake failure. She urged motorists to obey traffic rules and ensure their vehicles are in good condition to prevent further tragedies on Anambra roads.

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