The Federal Government has announced a N5Billion palliative to each state and the Federal Capital Territory (FCT), to cushion the impact of the fuel subsidy removal.
On May 29, The Tinubu administration on inception announced the end of the subsidy regime . This resulted in the astronomical hike in the pump price of the premium motor spirit ( pms) also known as fuel.
The government thereafter, promised to provide palliatives to lesson the effect of challenges arising from the removal of fuel subsidy.
The N5BILLIION palliative for each state of the country and the FCT was a key point of the National Economic Council NEC meeting on Thursday at the State House presided over by the Vice President, Senator Kashim Shettima.
Announcing the palliative after the meeting to State House Correspondents, during an interactive session,Governor Babagana Zulum of Borno State said the committee agreed that states bordering Niger Republic would be assisted with more palliative materials because of the influx of refugees as a result of the ongoing crisis in the neighbouring country.
NEC comprises governors of the 36 states of the federation, Ministers of Federal Capital Territory (FCT) and Finance, Governor of the Central Bank of Nigeria (CBN), and Group Chief Executive Officer of Nigeria National Petroleum Company Limited (NNPCL) among others.
Governors’ who attended the meeting were Abdulrahman Abdulrazak (Kwara), Hope Uzodinma (Imo), Inuwa Yahya (Gombe) Dauda Lawal (Zamfara), Dr. Alex Otti (Abia), Babajide Sanwo-Olu (Lagos) and Ademola Adeleke (Osun).
Others were Senator Bala Mohammed (Bauchi), Senator Uba Sani(Kaduna), Sheriff Obrevwori (Delta), Prof. Charles Soludo (Anambra), Godwin Obaseki (Edo), Yahaya Bello (Kogi), Umaru Namadi (Jigawa),
Also at the meeting are Umo Eno (Akwa Ibom), Prince Bassey Otu (Cross River), Lucky Aiyedatiwa (Ondo State acting governor), Dapo Abiodun (Ogun), Ahmad Aliu (Sokoto), Agbu Kefas (Taraba), Abdullahi Sule (Nasarawa), Peter Mbah (Enugu), Professor Babagana Zulum (Borno).
Some governors sent their deputies to attend the meeting.They are Katsina, Rivers, Yobe, Adamawa, Kano, Kebbi
