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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BURKINA FASO SACK COACH AFTER CUP OF NATIONS DISAPPOINTMENT. (PHOTO).

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 Burkina Faso sack coach after Cup of Nations disappointment


Burkina Faso have sacked coach Brama Traore after their last 16 exit at the Africa Cup of Nations, making him the second coaching casualty of tournament in Morocco.


Traore, 63, took his side to second place in their group but they were easily trounced 3-0 by Ivory Coast in the first knockout round one week ago.


"Following a thorough analysis of Burkina Faso's participation in the Africa Cup of Nations, it has been decided to terminate collaboration with the national coach Brama Traore, as well as his entire technical staff," said a Burkinabe Football Federation statement on Wednesday, Reuters reported.


"This decision follows results deemed to fall far short of the objectives set for the national team in this major continental competition. This poor performance has caused deep disappointment among supporters, stakeholders in national football, and governing bodies.


"As a reminder, the clearly established objective before the start of the 2025 AFCON was to reach at least the semi-finals, in line with the positive momentum and respectable performances achieved by the national team in previous editions," it continued.


Traore had been in charge for 22 months and his dismissal follows that of Tunisia coach Sami Trabelsi, also fired after his side was eliminated from the round of 16 in Morocco.

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