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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HEAD OF NOBEL PEACE PRIZE EXPLAINS WHY TRUMP LOST 2025 AWARD TO VENEZUELA OPPOSITION LEADER. (PHOTO).

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 Head of Nobel Peace Prize explains why Trump lost 2025 award to Venezuela opposition leader


The head of the Nobel Peace Prize tried to justify not giving the award to US President Donald Trump.


Speaking early Friday, October 10, Nobel Committee Chair Jørgen Watne Frydnes subtly suggested that Trump was not worthy of the illustrious award.


Frydnes was asked about the clamor to give the prize to Trump after the US President had said it would be an insult to the US not to award it to him.


However, rather than blame the timing, since the decision was made Monday, October 6, days before the peace deal was struck by Trump, Frydnes suggested that a last-minute switch wasn’t made because the US leader doesn’t live up to it.


“In the long history of the Nobel Peace Prize, I think this committee has seen many types of campaign, media attention,” Frydnes said, without naming Trump.


“We receive thousands and thousands of letters every year of people wanting to say what, for them, leads to peace.


“This committee sits in a room filled with the portraits of all laureates and that room is filled with both courage and integrity. So we base only our decision on the work and the will of Alfred Nobel,” he added.


While the five-member Norwegian Nobel Committee made its decision on Monday, October 6, many of Trump's allies made a last-minute pitch to have the US President win the award after he brokered a peace deal between Israel and Hamas days later.


Israeli leader Benjamin Netanyahu was among them, sharing an AI-image of Trump with an award around his neck on Thursday with the caption: “Give @realDonaldTrump the Nobel Peace Prize – he deserves it!”


The 2025 Nobel Peace Prize was awarded to Venezuela opposition leader María Corina Machado.

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