Following the removal of the petrol subsidy and the recent hike in petrol prices to up to N617/litre, the National Executive Council (NEC) has finally agreed on palliative measures for Nigerians. The decision was reached on Thursday, July 20, at a meeting held at the Council Chambers of the State House in Abuja, Channels TV reported.
The meeting, which was chaired by Vice President Kashim Shettima, has 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, cash transfers would be done via state social registers Subject to State peculiarities.
Vice President Kashim Shettima is currently presiding over the national economic council (NEC) meeting with the 36 State governors of the federation at the council chambers in Aso Rock on Thursday, July 20.
The meeting has in attendance the Director General of the Nigerian Governors’ Forum and stakeholders from the World Bank and other government agencies.
It was gathered that the meeting is expected to deliberate on the review of the N500 billion palliative funds to be shared among 12 million underprivileged families across the 36 states and also a deliberation on the recent hike in petrol prices to up to N617/litre.
Similarly, Nigeria’s President, Bola Tinubu, on Wednesday, July 19, held a crucial meeting with some key players regarding the current state of the nation’s economy.
The president met with his vice, Kashim Shettima, Senate President Godswill Akpabio and some state governors on the distribution of fuel subsidy palliative. Interestingly, the immediate past governor of Kano state, Abdullahi Ganduje, was present at the meeting.
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