The federal government on has announced a N5 billion palliative for each of the 36 states of the federation, including the federal capital territory (FCT), to cushion the biting effect of the removal of the petrol subsidy. Governor of Borno state, Babagana Zulum, announcement this on Thursday in Abuja while addressing State House correspondents at the end of a national economic council (NEC) meeting, presided by Vice President Kashim Shettima.
The council is made up of the 36 governors of the states, the governor of the Central Bank of Nigeria (CBN) and other coopted government officials.
President Bola Tinubu had, in his inaugural speech, on May 29, announced the removal petrol subsidy.
This has led to high cost of living as prices of food stuffs, transportation went up.
A litre of petrol currently cost N620.
The organised labour recently embarked on a nationwide strike to protest the inability of the federal government to provide adequate palliatives for workers.
FG announces N5bn for each state as palliative for subsidy removal
