The National Executive Council (NEC) has agreed on palliative measures for Nigerians following the elimination of the petrol subsidy and the recent increase in petrol prices to up to N617 per liter.
The decision was made at a meeting held on Thursday in the Council Chambers of the State House in Abuja.
Governors from the 36 states that make up the Federal Republic of Nigeria, the Director General of the Nigerian Governors’ Forum, representatives from the World Bank, and other government stakeholders attended the meeting, which was presided over by Vice President Kashim Shettima.
Cash transfers would be carried out via state social registers according to state peculiarities, and NEC also explored integrity checks on state social registers.
Government representatives were urged to lower the cost of governance in their various areas during the meeting. This is happening at the same time as the federal government started a six-month cash award policy for public employees.
State governments are required to distribute food goods, grains, and fertilizers at the pace they purchase them from NEMA, and they are asked to intensify their plans for the transportation sector’s energy transition.
This is the Council’s second meeting, and it is anticipated that it would discuss the revised palliative package for Nigerians in light of the withdrawal of the gasoline subsidy and the subsequent increase in fuel prices.
The strategy was detailed in a letter that was read aloud last Thursday on the House of Representatives’ floor in response to the previous Muhammadu Buhari administration’s request for a $800 million loan for a social safety net program.
Days after the announcement, however, the Federal Government declared that it will reconsider the action in light of the negative response it received from Nigerians.
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