The National Executive Council (NEC) has agreed on palliative measures for Nigerians through a cash transfer programme that will be immediately implemented by the federal, state, and local governments toward ameliorating the suffering of the poorest of the poor in the country.
This is coming because of the recent hike in petrol prices to up to N617/litre resulting from the removal of the petrol subsidy.
The decision was part of resolutions reached today at the 4th meeting of the Council chaired by Vice President Kashim Shettima at the State House Executive Council Chambers, Abuja.
This comes after a presentation by the NEC Adhoc Committee on cushioning the effect of petrol subsidy removal was made by Anambra State Governor, Prof. Chukwuma Soludo.
The council has also suggested a six-month cash award policy for public servants to ease their living and transportation expenses while urging Governors to reduce the cost of governance in their various states.
To address the cost of living, the Governor of Bauchi said food items including grains and fertilizers are to be distributed by state governments at a subsidized rate or no cost after it is received from the Central Bank of Nigeria, Federal Ministry of Agriculture and National Emergency Management Agency (NEMA).
