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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TAYLOR SWIFT’S LIFE OF A SHOWGIRL DEBUTS AT NO. 1 ON US ALBUM CHART. (PHOTO).

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 Taylor Swift’s Life of a Showgirl debuts at No. 1 on US album chart

Taylor Swift’s Life of a Showgirl claims the top spot on the U.S. album chart this week.

Following Swift, the Billboard 200 ranks the Demon Hunters KPop soundtrack at No. 2, Morgan Wallen’s I’m the Problem at No. 3, and Cardi B’s Am I the Drama? at No. 4, and Sabrina Carpenter’s Man’s Best Friend at No. 5.

The rest of the top 10 includes Bad Bunny’s Debi Tirar Mas Fotos at No. 6, Olivia Dean’s The Art of Loving at No. 7, You’ll Be Alright, Kid at No. 8, SZA’s SOS at No. 9, and Wallen’s One Thing at a Time at No. 10.


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