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Good Evening Nigeria…Breaking news in NigeriaGood Evening Nigeria…Breaking news in Nigeria
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Good Evening Nigeria…Breaking news in Nigeria
Subsidy Removal: FG Allocates N5 Billion to Each State as Palliative
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Subsidy Removal: FG Allocates N5 Billion to Each State as Palliative

Chima OnyidoBy Chima OnyidoAugust 17, 2023No Comments1 Min Read
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In a bid to address the challenges posed by the removal of fuel subsidies, the Federal Government has approved N5 billion for each of the 36 states in Nigeria to facilitate the procurement of essential food items, which will be distributed to citizens.

The announcement came after the month’s National Economic Council (NEC) meeting chaired by Vice President Kashim Shettima at the Presidential Villa, Abuja.

Babagana Zulum, the Governor of Borno State, shared details of the initiative with journalists following the meeting.

READ ALSO: APC replies Kano Gov’t: We’re winning the case, we’ll ‘never bribe’ any judge

He explained that the measure was part of measures to bring temporary solutions to the high cost of living caused by the subsidy removal.

He said the States are to purchase 100,000 bags of rice and beans among other items, adding that each of the States is also to receive five trucks of rice.

He also said the NEC agreed that the frontier States bordering the Niger Republic are to be assisted with more palliative materials than others, considering the influx of refugees into their domains from the beleaguered neighbouring country.

More to come later..

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In a bid to address removal of fuel subsidies N5 billion procurement of essential food items The Federal Government
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Chima Onyido

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