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

Why CBN Retained Bencmark Interest Rate At 27.5%

CBN: Curbing Bank Frauds

By Arize Nwobu The Central Bank of Nigeria ( CBN) is in the forefront and in collaboration with other regulatory institutions to

Latest from News

caf

CAF Sanctions Senegal, Morocco Over Chaotic AFCON 2025 Final

The Confederation of African Football (CAF) has imposed heavy sanctions on the Fédération Sénégalaise de Football (FSF), the Fédération Royale Marocaine de Football (FRMF), as well as several players and officials, following a series of heated incidents that overshadowed the Total Energies

FG to Deploy Military Retirees to Secure Ungoverned Spaces

The Federal Government has announced plans to deploy retired military personnel to help secure Nigeria’s ungoverned spaces, as part of broader efforts to strengthen national security, ease pressure on active troops, and stimulate economic activities in conflict-affected areas, Prime Business Africa reports.
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

Trump Requests Postponement Of Classified Documents Trial Until After 2024 Election

Google Play Yanks Off Donald Trump’s Social Media App ‘Truth Social’

Popular online store where people go to find their favorite

Tanzanian Professor Mohamed Janabi Nominated To Lead WHO Africa Region

Tanzanian public health expert, Professor Mohamed Yakub Janabi, has been