The Federal Government has allocated N5 billion as a palliative to each state of the federation, including the Federal Capital Territory (FCT), in order to mitigate the impact of the removal of the petrol subsidy.
Governor Babagana Zulum of Borno State made this announcement during an interactive session with State House correspondents in Abuja.
The announcement followed a National Economic Council (NEC) meeting chaired by Vice President Kashim Shettima. NEC’s membership includes the governors of all 36 states, Ministers of Federal Capital Territory (FCT) and Finance, the Governor of the Central Bank of Nigeria (CBN), and the Group Chief Executive Officer of Nigeria National Petroleum Company Limited (NNPCL), among others.
During the meeting, various matters were discussed, including the financial status of the Federation and the deployment of palliatives aimed at mitigating the adverse effects of the fuel subsidy removal.
Among the attending governors 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).
Additionally, Senator Bala Mohammed (Bauchi), Senator Uba Sani (Kaduna), Sheriff Obrevwori (Delta), Prof. Charles Soludo (Anambra), Godwin Obaseki (Edo), Yahaya Bello (Kogi), Umaru Namadi (Jigawa), Umo Eno (Akwa Ibom), Prince Bassey Otu (Cross River), Lucky Aiyedatiwa (Acting Governor of Ondo State), Dapo Abiodun (Ogun), Ahmad Aliu (Sokoto), Agbu Kefas (Taraba), Abdullahi Sule (Nasarawa), Peter Mbah (Enugu), and Process Babagana Zulum (Borno) were present.
Deputy governors from Katsina, Rivers, Yobe, Adamawa, Kano, and Kebbi also participated in the meeting.
