Subsidy Removal: President Tinubu’s FG Finally Decides on Palliative Measures for Nigerians

• There's a new development regarding the N8000 palliative that was earlier said would be transferred to 12 million households to cushion the effect of fuel subsidy removal
• The National Executive Council (NEC) after a meeting held in Abuja, on Thursday, July 20, agreed on the N8,000 palliative measures for Nigerians
• Meanwhile, the cash transfers would be done via state social registers Subject to State peculiarities

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.

Tinubu's govt agreed on palliative measures for Nigerians

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.

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Subsidy removal: Huge relief as Tinubu's govt moves to crash food prices, gives fresh directive to NEMA, CBN

NEC also considered integrity tests on state social registers, cash transfers would be done via state social registers Subject to State peculiarities.

Fuel subsidy: VP Shettima presides over emergency NEC meeting with 36 Govs

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.

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Fuel subsidy: VP Shettima presides over emergency NEC meeting with 36 Govs

President Tinubu, Shettima, Akpabio, APC Govs meet over fuel subsidy removal palliatives

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.

Source: Legit.ng