Subsidy Removal: FG Declares N5bn Each for States as Palliatives

The federal government has announced a N5 billion palliative for each state of the federation, including the Federal Capital Territory (FCT) to cushion the impact of the removal of the petrol subsidy.

Babagana Zulum, governor of Borno state, made the announcement in Abuja on Thursday when he spoke to State House correspondents at the end of a National Economic Council (NEC) meeting.

Vice President Kashim Shettima presided over the meeting.

The council is made up of governors of the 36 states, governor of the Central Bank of Nigeria (CBN) and other government officials as decided by the President.