Subsidy: NEC backs FG’s planned distribution of grains, fertilizer starting July 24

In a request to mitigate the impact of the removal of petrol subsidy on citizens, the National Economic Council (NEC) has thrown its weight behind the planned distribution of grains and fertilizer to Nigerians by the Federal Government through the Central Bank of Nigeria, CBN.

The decision was reached at the NEC 4th meeting chaired by Vice President Kashim Shettima at the State House Executive Council Chambers, Abuja. 

According to the Vice-President, the decision was taken after a presentation by the NEC Adhoc Committee on cushioning the effect of petrol subsidy removal was made by Anambra State Governor, Prof. Charles Soludo.

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Shettima read the resolutions of the Council saying, “We will also pursue vigorously, the mass deployment of CNG-powered vehicles and establishment of autogas conversion plants/kits in all States in the short-term and deployment of electric buses and cars with charging infrastructure across the country.”

The meeting also resolved to support enhanced engagements between State Governors and the leadership of the labour unions across the States and proposed the provision of the cost-of-living allowances to be paid to civil servants in both the State and Federal Civil Services. 

The Council agreed to support the Federal Government’s efforts to scale up infrastructure, especially to give attention to fixing dilapidated highway roads across the country.