Subsidy Removal: Nigerian Govt To Give Each State N5bn Palliative

August 17, 2023
Blue Economy: Tinubu Appoints New Executive Directors For NPA, NIMASA
President Bola Ahmed Tinubu

As part of measures to cushion the effect of the removal of subsidies on petrol, Nigeria’s federal government has announced a N5 billion palliative for each state of the federation, including the federal capital territory (FCT).

This was disclosed by the Borno State governor, Babagana Zulum when he spoke to State House correspondents at the end of a national economic council (NEC) meeting in Abuja on Thursday.

Join our WhatsApp Channel

The meeting was presided over by Vice President Kashim Shettima.

The meeting was attended by governors Abdulrahman Abdulrazak (Kwara), Hope Uzodinma (Imo), Inuwa Yahya (Gombe) Dauda Lawal (Zamfara), Alex Otti (Abia), Babajide Sanwo-Olu (Lagos) and Ademola Adeleke (Osun).

Others were Bala Mohammed (Bauchi), Uba Sani (Kaduna), Sheriff Obrevwori (Delta), Prof. Charles Soludo (Anambra), Godwin Obaseki (Edo), Yahaya Bello (Kogi) and Umaru Namadi (Jigawa).

The Federal Government on Thursday announced a N5 billion palliative for each state in the country and the Federal Capital Territory (FCT) to cushion the effects of the fuel subsidy removal.

READ ALSO: Subsidy: FG To Give ₦75bn To 75 Companies To Boost Production – Tinubu

The Borno State Governor, Babagana Zulum, disclosed this to State House correspondents at the end of the National Economic Council (FEC) meeting presided over by Vice President Kashim Shettima in Abuja.

The meeting was attended by governors Abdulrahman Abdulrazak (Kwara), Hope Uzodinma (Imo), Inuwa Yahya (Gombe) Dauda Lawal (Zamfara), Alex Otti (Abia), Babajide Sanwo-Olu (Lagos) and Ademola Adeleke (Osun).

Others were Bala Mohammed (Bauchi), Uba Sani (Kaduna), Sheriff Obrevwori (Delta), Prof. Charles Soludo (Anambra), Godwin Obaseki (Edo), Yahaya Bello (Kogi) and Umaru Namadi (Jigawa).

READ ALSO: Fuel subsidy: Nigerian govt, labour resume meeting on palliatives, NLC president absent

Also at the meeting were 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) and Peter Mbah (Enugu).

Recall that the Federal Government had in June announced its plans to disburse N8,000 to 12 million poor Nigerian households for six months to help cushion the effect of the petrol subsidy removal.

However, following the reactions from different quarters across the country, including organised labour, the government decided to review the palliative package.

PBA Reporter
+ posts

Featured Stories

Latest from News

Nigeria Air: Airline Operators Hail Judiciary, Aviation Minister For Upholding Justice

Tax Tangle: Onyema, Achimugu Disagree on Nigeria’s Soaring Airfares

Tax Tangle: Onyema, Achimugu Clash Over Nigeria’s Soaring Airfares The Nigerian Civil Aviation Authority (NCAA) has denied allegations that domestic airfares are inflated due to multiple taxes, attributing the recent surge to market forces. Director of Public Affairs and Consumer Protection, Michael

Obi Confirms 2027 Presidential Bid During X Space Session

Former Anambra State Governor and Labour Party’s 2023 presidential candidate, Peter Obi, has confirmed that he will contest the 2027 presidential election, declaring that he will be on the ballot, Prime Business Africa reports. Obi made the announcement on Sunday evening during
Nigerian Stock Exchange 1 660x400 1
Previous Story

Nigerian Bourse Falls By N141.70bn To Selloffs In Guinea, RT Briscoe, Others

U.S Engagement to Improve Nollywood Operations- 3 Key Focus Areas
Next Story

U.S Engagement To Improve Nollywood Operations: 3 Key Focus Areas

Don't Miss

FG Halts Naira-for-Crude Deal With Dangote, Fuel Price Fears Rise

The decision of the Federal Government (FG) to halt the

Russia Friendly: Chelle Joggles, Unveils New Super Eagles Squad

Ahead of June 6 international friendly with Russia, Super Eagles