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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SHEIKH GUMI PRAYS FOR EXPOSURE OF TERROR SPONSORS, SYMPATHISERS IN NIGERIA. (PHOTO).

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 Sheikh Gumi Prays For Exposure Of Terror Sponsors, Sympathisers In Nigeria


Islamic cleric Sheikh Ahmad Gumi has called on Allah to expose and punish those who sponsor or sympathise with terrorism in Nigeria.


In a prayer shared on Facebook on Thursday, Gumi urged divine wrath on anyone benefiting from terrorism, supporting terrorists, or rejoicing in acts of violence.


He stated:

"My prayer today: Ya Allah! Whoever initiated or is behind this insecurity and bloodshed in Nigeria, whether foreign or local, or gains materially or otherwise, or even takes pleasure in the killing of people, or willingly does nothing to stop it, may You expose them by Your divine power and pour Your anger upon them, punishing them immediately without harming the innocent."


The controversial cleric, often criticised on social media for alleged closeness to bandits, has repeatedly denied such claims. He emphasises his readiness to assist authorities in ending banditry, including through dialogue when necessary.


In November, Gumi explained that insurgency persists largely because uneducated and unemployed youths are easily recruited and exploited by enemies of the state.

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