Each State Gets N5b from Fuel Subsidy Removal

As part of the part of the palliatives to cushion the effect of removal of fuel subsidy, the Federal Government is to distribute N5 billion to each state in the country including the federal capital territory, Abuja.

This was announced by the governor of Bornu State, Prof. Babagana Zulum at the State House, Abuja.

Zulum disclosed this while addressing reporters after the statutory meeting of the National Economic Council (NEC) chaired by Vice-President Kashim Shettima on Thursday at Aso Rock.

Highlighting some of the things that were discussed at the meeting, the Bornu Governor, said NEC also agreed that states bordering Niger Republic would be assisted with more palliative materials because of the influx of refugees as a result of the ongoing crisis in the neighbouring country.

Membership of NEC includes the governors of the 36 states of the federation, Ministers of Federal Capital Territory (FCT) and Finance, Governor of the Central Bank of Nigeria (CBN), and Group Chief Executive Officer of Nigeria National Petroleum Company Limited (NNPCL) among others.