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...

FESTIVE SEASON: ARTMA ISSUES RIOT ACT TO TRANSPORTERS IN ANAMBRA. (PHOTO).


 Festive Season: ARTMA Issues Riot Act To Transporters In Anambra


The Anambra State Road Traffic Management Agency (ARTMA) has issued a public notice to all bus drivers and tricycle riders (Keke) operating on Upper-Iwe­ka-Owerri road and across the entire state to henceforth comply with stipulated traffic rules and regulations to avoid impound­ment and other penalties for defaulters as the festive season approaches.


Managing Director and Chief Executive Officer of ARTMA, Engr. Okonkwo Emeka-Kon­ti, who read the riot act to all transporters in the state, said as the festive season sets in, trans­porters must play by the rules to ensure sanity and orderliness on the roads as strict sanctions would be unleashed on erring motorists.


The riot act as signed by the ARTMA MD reads: “This is to inform all commercial bus driv­ers and tricycle operators plying the Upper Iweka – Owerri Road and across the state that, with immediate effect, the following regulations are now in full en­forcement: Use of Designated Parks Only. All bus drivers must henceforth load and offload pas­sengers only at approved and designated parks.


“No section of the road is to be used as a motor park under any circumstance.


“Compliance by Transport Companies: All transport com­panies operating along this axis must ensure that their vehicles load behind proper barricades, safely positioned behind the drainage.


“Any vehicle found loading on or directly beside the drainage will be impounded.


“Guidelines for Tricycle (Keke) Riders: Keke riders are permitted to pick and drop passengers only when properly parked on the road shoulder.


“Any attempt to convert any part of the roadway into a park or permanent loading point will lead to immediate enforcement action.


“Festive Season Traffic Man­agement: As the festive season approaches, the Owerri Road re­mains a major gateway into the state. It must remain free-flowing and decongested at all times.


“Penalties for Violators: Any bus or tricycle found violating these directives will be impound­ed for seven (7) days. There will be no option of fine.”

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