(BREAKING)Fuel subsidy: Tinubu approves N185bn to states, FCT as palliative

The federal government has announced a N5 billion palliative to be provided to each of the federation’s states as well as the federal capital territory (FCT) in order to lessen the effects of discontinuing the fuel subsidy.

After the regular meeting of the National Economic Council (NEC), which was presided over by Vice-President Kashim Shettima on Thursday, Governor Babagana Zulum of Borno State disclosed the total palliative of N185 billion in an interactive session with State House reporters in Abuja.

The 36 state governors of the federation, the ministers of finance and the federal capital territory (FCT), the governor of the Central Bank of Nigeria (CBN), and the group chief executive officer of the Nigeria National Petroleum Company Limited (NNPCL) are some of the individuals who make up the NEC.

Abdulrahman Abdulrazak (Kwara), Hope Uzodinma (Imo), Inuwa Yahya (Gombe), Dauda Lawal (Zamfara), Dr. Alex Otti (Abia), Babajide Sanwo-Olu (Lagos), and Ademola Adeleke (Osun) were among the governors who attended the meeting.

Others were Senator Bala Mohammed (Bauchi), Senator Uba Sani(Kaduna), Sheriff Obrevwori (Delta), Prof. Charles Soludo (Anambra), Godwin Obaseki (Edo), Yahaya Bello (Kogi), Umaru Namadi (Jigawa),

Also at the meeting are Umo Eno (Akwa Ibom), Prince Bassey Otu (Cross River), Lucky Aiyedatiwa (Ondo State acting governor), Dapo Abiodun (Ogun), Ahmad Aliu (Sokoto), Agbu Kefas (Taraba), Abdullahi Sule (Nasarawa), Peter Mbah (Enugu), Process Babagana Zulum (Borno).

Deputy governors of Katsina, Rivers, Yobe, Adamawa, Kano, Kebbi are also participating in the meeting.

More details shortly…