The Federal Government has approved the release of N5bn palliative to each of the states of the federation, and the Federal Capital Territory (FCT) to cushion the impact of the removal of the petrol subsidy.
The Governor of Borno State, Babagana Zulum disclosed this during an interactive session with State House correspondents in Abuja on Thursday at the end of the statutory meeting of the National Economic Council (NEC), chaired by Vice President President Kashim Shettima.
Membership of NEC includes the Governors of the 36 states of the federation, Ministers of Federal Capital Territory (FCT) and Finance, Governor of the Central Bank of Nigeria (CBN), and Group Chief Executive Officer of Nigeria National Petroleum Company Limited (NNPCL) among others.
The meeting considered varying issues, including the Federation’s financial status, general issues, especially 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 Oborevwori (Delta), Prof. Charles Soludo (Anambra), Godwin Obaseki (Edo), Yahaya Bello (Kogi), 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), Babagana Zulum (Borno).
Deputy Governors of Katsina, Rivers, Yobe, Adamawa, Kano, Kebbi also participated in the meeting.
New Hands on Deck as Delta Targets Durable Roads under Oborevwori