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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JOE IGBOKWE VOWS TO RETURN TO NNEWI, AFTER KANU'S CONVICTION. (PHOTO).

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 Joe Igbokwe Vows to Return to Nnewi, after Kanu's Conviction


Chief Joe Igbokwe, the Lagos based Publicity Secretary of the ruling All Progressives Congress, APC and Igbo Chieftain has reacted to the conviction and sentencing of IPOB Leader, Mazi Nnamdi Kanu with triumphal declaration that he would return to his Nnewi home after four years.


Igbokwe, a self acclaimed Kanu hater declared minuites after the judgment was handed to the Biafra agitator.


"I have not been to Nnewi since October 3 2021 to see extent of damages in my home called City of David. Iam going next week to see things for myself. It will choke you oooo."

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