Federal govt allocates 5bn to each state as palliatives
The federal government has announced a N5billion palliative to each state of the federation, including the federal capital territory (FCT), to cushion the impact of the removal of the petrol subsidy.
Governor Babagana Zulum of Borno State announced this during an interactive session with State House correspondents in Abuja on Thursday after the statutory meeting of the National Economic Council (NEC) chaired by Vice-President Kashim Shettima on Thursday.
Daily Trust 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).