The federal government has announced a N5billion palliative to each state of the federation, including the federal capital territory, FCT to cushion the impact of the removal of the petrol subsidy.
Governor Babagana Zulum of Borno State announced this during an interactive session with State House correspondents in Abuja today after the statutory meeting of the National Economic Council chaired by Vice-President Kashim Shettima.
The meeting considered varying issues, including the Federation’s financial status, general issues, especially the deployment of palliatives aimed at cushioning the harsh effects of the fuel subsidy removal.
Membership of NEC includes the 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
