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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NAF DONATES 23 MILLION NAIRA TO VICTIMS OF AIR FORCE ATTACK IN YOBE. (PHOTO).

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 NAF Donates 23 Million Naira To Victims Of Air Force Attack In Yobe


The Nigerian Air force, NAF, has donated the sum of 23 million Naira  to residents of Buhari community in Yunusari Local government area of Yobe State with promise to construct solar powered borehole in the community.


The Chief of Air Staff ,Air Marshal Hassan Bala Abubakar, represented by Commander Umar Idris of Operations Hadin Kai Airforce Component said the donation is in response to the tragic incident that occurred on 14th, September 2021, when it's  Aircraft were fighting Boko haram terrorists in the Northeast mistakenly dropped bombs on the community killing eighth  people and injuring thirty others .

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