To lessen the impact of the elimination of the gasoline subsidy, the federal government has offered a N5 billion palliative to each state of the federation, including the federal capital territory (FCT).
After the regular meeting of the National Economic Council (NEC), presided over by Vice-President Kashim Shettima on Thursday, Governor Babagana Zulum of Borno State made this announcement in an interactive session with State House reporters in Abuja.
The 36 state governors of the federation, the ministers of finance and the federal capital territory (FCT), the governor of the Central Bank of Nigeria (CBN), and the group chief executive officer of the Nigeria National Petroleum Company Limited (NNPCL) are some of the individuals who make up the NEC.
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Reports that the meeting considered varying issues, including the Federation’s financial status, general issues, especially but the deployment of palliatives aimed at cushioning the harsh effects of the fuel subsidy removal.
Among governors who attended the meeting were 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), Umaru Namadi (Jigawa),
Also at the meeting are 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), Process Babagana Zulum (Borno).
Deputy governors of Katsina, Rivers, Yobe, Adamawa, Kano, Kebbi are also participating in the meeting.
Details later…
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