By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Subsidy Removal: FG Gives Each State, the FCT 5bn Palliative Funds
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

Subsidy Removal: FG Gives Each State, the FCT 5bn Palliative Funds

Adamu Abubakar
By Adamu Abubakar
Published: August 17, 2023
Share
2 Min Read
SHARE

The federal government has introduced a N5 billion relief package for each state in the nation, including the federal capital territory (FCT), to address the impact of the removal of the petrol subsidy.

During an interactive session with State House correspondents in Abuja on Thursday, Governor Babagana Zulum of Borno State disclosed this announcement. The declaration took place following the National Economic Council’s (NEC) statutory meeting, which was chaired by Vice-President Kashim Shettima on the same day.

The NEC, composed of the governors of all 36 states, Ministers of the Federal Capital Territory (FCT) and Finance, the Governor of the Central Bank of Nigeria (CBN), and the Group Chief Executive Officer of Nigeria National Petroleum Company Limited (NNPCL) among other dignitaries, discussed several matters during the meeting. A central point of discussion was the nation’s financial status, with particular emphasis on the deployment of relief measures designed to alleviate the adverse consequences of the fuel subsidy withdrawal.

Among the governors present at the meeting were:

- Advertisement -

    • Abdulrahman Abdulrazak (Kwara)
    • Hope Uzodinma (Imo)
    • Inuwa Yahya (Gombe)

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

Also participating in the meeting were representatives from various states, including Akwa Ibom, Cross River, Ondo, Ogun, Sokoto, Taraba, Nasarawa, Enugu, and the Deputy Governor of Borno.

The meeting deliberated on a range of issues with a particular focus on the deployment of relief measures following the removal of the fuel subsidy.

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Federal Government
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
Previous Article Dangote Cement Lawyer Sentenced to Six Months in Jail Over Defamatory Publication Against Dangote Cement
Next Article Emefiele’s Trial Adjourned Over Absence of Co-Defendant

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Okay.ng Logo

Parallel Market Rates

USD
Buy₦1,550.00
Sell₦1,565.00
GBP
Buy₦1,760.00
Sell₦1,790.00
EUR
Buy₦2,135.00
Sell₦2,170.00

Updated: 8 hours ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

0.00
ShareShareShare

Rates are for informational purposes only.

Okay.ng Logo Parallel Market Rates
USD
Buy
Sell
GBP
Buy
Sell
EUR
Buy
Sell
| okay.ng
- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

MTN Mega Billion Promo: How Nigerians Are Winning Big
Partners
As Nigerian Banks Resume Naira Debit Card International Transactions: Limits You Should Know
News
Former Nigerian Army Chief Advocates for Compulsory Military Training
News
NNPP Declares Rabiu Kwankwaso Will Not Contest 2027 Presidency on Its Platform
Politics Top stories
NSA Nuhu Ribadu
Tinubu Administration Making Headway Against Nigeria’s Security Challenges, NSA Ribadu Affirms
Security
- Advertisement -
Ad imageAd image

You May Also Like

Politics

Aregbesola Warns ADC Supporters Against Insults, Urges Fact-Based Engagement with APC

Muhammad A. Aliyu
Muhammad A. Aliyu
July 5, 2025
International

President Bola Tinubu Arrives in Brazil for BRICS Summit to Strengthen Global South Cooperation

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 5, 2025
Natasha Akpoti-Uduaghan
News

Senate Sets Conditions for Senator Natasha Akpoti-Uduaghan’s Return After Court Nullifies Suspension

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
July 5, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?