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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ARMY REAFFIRMS RESCUE OF 31 ABDUCTED WORSHIPPERS, DISMISSES FALSE CLAIMS. (PHOTO).

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 ARMY REAFFIRMS RESCUE OF 31 ABDUCTED WORSHIPPERS, DISMISSES FALSE CLAIMS

                                                              The Nigerian Army has reacted to claims disputing its earlier report on the rescue of abducted worshippers during the recent attack on the Ariko community. 


Reacting to a statement credited to one Dr. JD Ariko, which challenges the account of the rescue operation, the Army said it understands the concerns of affected families, noting that such reactions are expected given the traumatic nature of the incident. 


It maintained that troops acted swiftly upon receiving distress calls, disrupted the attackers pursued the fleeing terrorists, forcing them to abandon some of their captives, thereby averting what could have been a larger abduction.


The Army Headquarters confirms that 31 victims were rescued during the operation, while efforts are continuing to track down and recover others taken into the forest.

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