APC-PCC CHALLENGES ATIKU TO EXPLAIN LEGAL, FISCAL BASIS OF PETROL SUBSIDY PROPOSAL

The Presidential Campaign Council of the All Progressives Congress (APC-PCC) has challenged former Vice President Atiku Abubakar to explain the legal, fiscal and operational framework for his proposed production subsidy on locally refined petrol. The challenge followed Atiku’s renewed call for the Federal Government to reduce petrol and diesel prices, including through government support for domestic refining. Atiku said his proposed production subsidy would support Nigerian refineries while making locally refined petrol cheaper for consumers. In a statement issued on Sunday by its spokesman, Dele Alake, the APC-PCC questioned how…

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