The Minister of Finance, Budget and National Planning, Zainab Ahmed, revealed this shortly after the Federal Executive Council meeting presided over by President Muhammadu Buhari.
According to Ahmed, the Nigerian government has resolved to end fuel subsidy by June, and, hence, has begun moves to make the impact less stressful for the citizens.
She noted that already there has been meaningful engagement with the newly established Presidential Transition Council and the incoming administration, with a view to driving the palliative programme.
She noted that a good chunk of the fund will go to the ten million households considered to be most vulnerable, to cushion the effect of the subsidy removal.
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