National Executive Council (NEC) Approves Palliative Measures After Petrol Subsidy Removal And Price Hike”

The National Executive Council (NEC) has reached a consensus on implementing palliative measures to assist Nigerians in response to the elimination of petrol subsidy and the recent increase in petrol prices.....KINDLY READ THE FULL STORY HERE▶

The decision was made during a meeting held at the Council Chambers of the State House in Abuja on Thursday.

During the meeting, the Council also discussed the implementation of integrity tests on state social registers, with cash transfers being carried out through these registers, taking into account each state’s specific needs…CONTINUE READING

Furthermore, the Council urged government officials to reduce the cost of governance in their respective areas and revealed that the Federal Government had initiated a six-month cash award policy for public servants.

In addition, the Council announced that state governments would distribute food items, grains, and fertilizers at rates obtained from the National Emergency Management Agency (NEMA).

States were also encouraged to intensify their energy transition plans in the transport sector.

Chaired by Vice President Kashim Shettima, the NEC meeting was attended by governors from all 36 states of the Federation, the Director General of the Nigerian Governors’ Forum, as well as representatives from the World Bank and other government agencies.

This meeting marks the second gathering of the Council and was convened to discuss the revised palliative package for Nigerians following the removal of petrol subsidy and the hike in fuel prices.

Earlier, President Bola Tinubu had unveiled his administration’s proposal to provide a monthly N8,000 transfer to 12 million of the poorest households in the country for six months, aiming to mitigate the impacts of the fuel subsidy removal. However, due to public backlash, the Federal Government announced plans to review the proposed initiative.