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NEC Decides On Palliative Measures For Nigerians

The National Economic Council (NEC) has resolved to jettison the national social register used by the Muhammadu Buhari administration to implement its own conditional cash transfer.


21st July 2023 09:22 AM

The National Executive Council (NEC) has agreed on palliative measures for Nigerians, following the removal of the petrol subsidy and the recent hike in petrol prices to up to N617/litre, the National Executive Council (NEC) has agreed on palliative measures for Nigerians.

The decision was reached on Thursday at a meeting held at the Council Chambers of the State House in Abuja.

The meeting, which was chaired by Vice President Kashim Shettima, had in attendance governors of the 36 states of the Federation, the Director General of the Nigerian Governors’ Forum, as well as stakeholders from the World Bank and other agencies of government.

NEC also considered integrity tests on state social registers, reviling that cash transfers would be done via state social registers, which is subjected to state peculiarities.

During the meeting, government officials were urged to reduce the cost of governance in their various spheres.

The council added that Food items grains and fertilisers would  be distributed by state governments at the rate acquired from National Emergency Management Agency (NEMA) urging states to double down on energy transition plans in the transport sector.

Access24 reports that President Bola Tinubu had unveiled his administration’s plan for a monthly N8,000 transfer to 12 million of the poorest households in the country for six months, in a bid to cushion the effects of the removal of fuel subsidy.

The plan was contained in a letter read last Thursday on the floor of the House of Representatives regarding the $800 million loan request of the previous Muhammadu Buhari administration for a social safety net programme.

Days after the announcement, the Federal Government said it will review the move following the backlash it generated among Nigerians.