The National Economic Council (NEC) has approved five billion Naira to each State of the Federation as palliative to cushion the effect of fuel subsidy removal.
This was made known at the Council’s meeting presided over by Vice President Kashim Shetima and attended by State Governors and other statutory members of NEC at the State House, Abuja.
It would be recalled that President Bola Tinubu had on May 29 in his inauguration address announced the end to fuel subsidy regime owing to inherent corruption in the scheme.
FG also announced to support each state including the FCT, with five trucks of rice as State Governors finalize plans to purchase 100,000 bags of rice and beans, 40,000 bags of maize and fertilizers to cushion the impact of subsidy removal
National Economic Council (NEC) also agreed that the frontier States bordering Niger Republic are to be assisted with more palliative materials than others, considering the influx of refugees into their domains from the beleaguered neighbouring country.