FG allocates N5bn subsidy palliative to each state 

The Federal Government has approved N5 billion grant to be distributed in each state including the FCT, as palliatives to cushion the effect of fuel subsidy removal.

The National Economic Council, NEC, also noted that the government allocates five trucks of rice and 40,000 bags of maize to each of the 36 states across the country.

These were some of the conclusions from the NEC meeting presided over by Vice President Kashim Shettima at the Council Chamber, Presidential Villa, Abuja on Thursday.

Briefing State House correspondents at the end of the meeting, Babagana Zulum, the Governor of Borno state, said the National Emergency Management Agency, NEMA, has been directed to distribute food items to states sharing border with Niger Republic over the recent political instability in the country.

Zulum said the states are to purchase 100,000 bags of rice and beans among other items.

Meanwhile, the Governor of Kaduna State, Senator Uba Sani, said only N2 billion has so far been given to states instead of the N5 billion approved.

Chinyere Treasure Mbadiwe
Chinyere Treasure Mbadiwehttp://wakadaily.com
Chinyere Treasure Mbadiwe is the Co-founder and CEO of Wakadaily News. With a B.Sc. in Business Administration from the National Open University of Nigeria (NOUN), she brings a wealth of leadership and strategic expertise to the platform. Chinyere is passionate about delivering high-quality, engaging news that informs and empowers audiences. Her vision for Wakadaily is to create a space where reliable, diverse, and impactful content connects people and fosters informed conversations.

Popular Related

MTN, Airtel others to block SIMs without NIN Feb 2024

The Nigerian Communications Commission, NCC has urged MTN Nigeria, Airtel and other telecommunications companies to block phone numbers without National Identity Numbers, NIN. Also, those...

Pension: PIAFRICA 2023 to focus on investments, risk management

The 6th Pension Funds & Alternative Investments Africa 2023 (PIAFRICA2023) conference will cover a variety of pension-related issues, including alternative investments, risk management, legislative...

SEC, NGX empower retail investors with financial education

Nigerian Exchange Group Plc (NGX Group), in collaboration with the Securities and Exchange Commission (SEC) and other market operators, organized a series of engaging...

Govt mulls commercialisation of FMBN

The Federal Mortgage Bank of Nigeria has restated its commitment to ensuring speedy reforms to boost efficiency and access to affordable and quality housing...

FG raises N1.5trillion in 2 FGN bond offers

The Federal Government realised N1.5tn through bonds at its February auction instead of the N2.5tn it was aiming. The Debt Management Office in a press...

Currency in circulation rises to N3.87tn – CBN

Following the value of Nigeria's currency in circulation, which has increased to N3.87tn at the end of first quarter in 2024. This is according to...

FG files fresh charges against Godwin Emefiele

The Federal Government on Tuesday filed a fresh case against the suspended governor of the Central Bank of Nigeria, Godwin Emefiele. Nigerian government also applied...

Ondo, Enugu, Ekiti can fix electricity tariffs – NERC

According to the Nigerian Electricity Regulatory Commission, Ondo, Ekiti and Enugu States has been approved to come with the suggestion for their electricity tariff. Wakadaily...

FHA, states collaborate on 100,000 housing target

The Lagos State government and the Federal Housing Authority (FHA) have promised to synergise and collaborate to provide 100,000 afford­able housing unit across the...

Labour suspends planned strike for 30 days

After hours of deliberations between the federal government, the Nigeria Labour Congress, and the Trade Union Congress,  the unions have suspended the indefinite strike...