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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PDP LEADERSHIP CRISIS: ABDULRAHMAN LED FACTION TAKES OVER WADATA HOUSE AS KABIR TURAKI LED FACTION YET TO ARRIVE. (PHOTOS).

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 PDP LEADERSHIP CRISIS: Abdulrahman Led Faction Takes Over Wadata House As  Kabir Turaki Led Faction Yet To Arrive


The Abdulrahaman Mohammed-led faction of the Peoples Democratic Party has taken over the Wadata Plaza, National headquarters of the party ahead of its 103rd board of trustees and national executive Committee meeting. 


Timothy Yusuf reports that the PDP headquarters and environ is already taken over by security agents. 


National secretary of the faction Senator Samuel Anyanwu said the presence of security personnel is to prevent breakdown of law and order. 


Meanwhile, the Kabiru Turaki led NWC is yet to arrive the secretariat for its own meeting as at the time of this report.

More photos below. 



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