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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RESIDENT DOCTORS FAULT FG’S N11.9BN RELEASE, SAY STRIKE STILL ON. (PHOTO).

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 Resident doctors fault FG’s N11.9bn release, say strike still on


The National Association of Resident Doctors (NARD) says its nationwide strike will continue until the federal government provides clarity on the implementation of its minimum demands.


Speaking with TheCable on Monday, Muhammad Suleiman, NARD president, said they are yet to receive communication from the government.


“We are still waiting to hear from the federal government on how they intend to implement some of the things that we have put in our minimum demand. So, the strike is still on,” he said.

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