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Federal govt gives N5bn to each state as palliative

The federal government has given out N5 billion palliative to each state of the federation, including the federal capital territory (FCT), to cushion the impact of the removal of the petrol subsidy.

This was disclosed by Governor Babagana Zulum of Borno state who addressed State House correspondents at the end of a national economic council (NEC) meeting today, August 17.  

Vice President Kashim Shettima presided over the meeting.

Membership of NEC include 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.

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