The Federal Government has announced a N5 billion palliative for each of the 36 States of the federation, including the Federal Capital Territory (FCT), to cushion the effect of the removal of the petrol subsidy.
This was disclosed by the Governor of Borno State, Babagana Zulum, in Abuja on Thursday when he spoke to State House correspondents at the end of a National Economic Council (NEC) meeting.
The meeting was presided over by Vice President Kashim Shettima.
The decision to give out the N5 billion palliative, according to the Federal Government, is in line with the objectives of the Federal Government to ease the hardships faced by Nigerians as a result of the removal of fuel subsidy.
The NEC is made up of the governors of the 36 states, the governor of the Central Bank of Nigeria (CBN), and other coopted government officials.
Governors in attendance at the meeting include 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), and Umaru Namadi (Jigawa).
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), Peter Mbah (Enugu), and Process Babagana Zulum (Borno).
