General

Fuel subsidy removal: NEC announces palliative measures

The decision was reached at a meeting held at the Council Chambers of the State House in Abuja.

The meeting, which was chaired by Vice President Kashim Shettima, had in attendance governors of the 36 states of the Federation, the Director General of the Nigerian Governors’ Forum, as well as stakeholders from the World Bank and other agencies of government.

NEC also considered integrity tests on state social registers, and that cash transfers would be done via state social registers subject to state peculiarities.

During the meeting, government officials were urged to reduce the cost of governance in their various spheres, even as the Federal Government initiated a six-month cash award policy for public servants.

Food items grains and fertilizers are to be distributed by state governments at the rate acquired from National Emergency Management Agency and states are urged to double down on energy transition plans in the transport sector.

 

President Bola Tinubu had unveiled his administration’s plan for a monthly N8,000 transfer to 12 million of the poorest households in the country for six months, in a bid to cushion the effects of the removal of fuel subsidy.

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