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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THE REPRESENTATIVE OF THE OKIGWE SOUTH FEDERAL CONSTITUENCY IN THE HOUSE OF REPRESENTATIVES, CHIKE OKAFOR, HAS URGED CAUTION FOLLOWING CALLS FOR THE DISBANDMENT OF THE ANTI-KIDNAPPING UNIT OF THE IMO STATE POLICE COMMAND, COMMONLY KNOWN AS TIGER BASE.(PHOTO).

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 The representative of the Okigwe South Federal Constituency in the House of Representatives, Chike Okafor, has urged caution following calls for the disbandment of the Anti-Kidnapping Unit of the Imo State Police Command, commonly known as Tiger Base.


Okafor also expressed his disapproval of the numerous attacks on the social and traditional media aimed at pressuring authorities to dissolve the unit, and accused the opposition of orchestrating the sustained media trial of the outfit.


He argued that dissolving the Tiger Base would be akin to discarding the entire structure due to the actions of a few.


He also expressed disapproval of the attempts to implicate the state Governor, Senator Hope Uzodimma, for the alleged misconduct of the unit.


He said;

'The governor demonstrated leadership by mobilising the federal and state security apparatuses to ensure that non-state actors did not dominate the state.


"Those who are praying for the political down fall of the governor with this issue of Tiger Base have advertently and inadvertently revealed their political mind set. And by the grace of God Almighty what they have in mind will never thrive".

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