x

Subsidy Removal: Shettima Preside Over NEC Meeting

The National Economic Council (NEC) meeting is being held at the Council Chambers of the State House in Abuja on Thursday.

The meeting, which is being chaired by the Vice President Kashim Shettima, has 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.

This is second meeting of the Council and it is expected to deliberate on the reviewed palliative package for Nigerians following the removal of petrol subsidy and the recent hike in petrol prices to up to N617/litre as a result of market forces.

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.

However, following a series of criticisms from the Organised Labour, Tinubu ordered a review of the proposed palliative.

Among other issues, the review by the President should be top on the NEC meeting agenda on Thursday.

The media have been excused and the meeting is in a closed door session. It is hoped that resolutions from the meeting will be communicated to the media afterwards.

More to follow…

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Setting the Record Straight on Nigerian workers in Central Africa Republic

PRESS RELEASE In a recent viral video, six Nigerians in...

Fulani terrorist leader ”Ɗari biyar ta fi Bahaushe” neutralized – Security sources

…Masterminder of murder of over 300 innocent souls, while...

Bayelsa U15 Athletics Meet Showcases Rising Stars for National Youth Games

Amgbare Ekaunkumo, Yenagoa   Over 200 young athletes from across Bayelsa...

Diri Calls for Tech-Driven Education, Pledges Housing for UniPort Staff

Amgbare Ekaunkumo, Yenagoa   Bayelsa State Governor, Senator Douye Diri, has...

Outcry as woman buried with 8 months pregnancy in Kaduna

By Achadu Gabriel, Kaduna Barely one week later, tongues are...

Senate approved $21.8bn loan: Mortgaging Nigeria’s future for its present

By Patrick Wemambu Variously described as ludicrous, escalating and unsustainable,...

Chinese Embassy Probes Alleged Abandonment of Nigerian Miners in CAR

The Chinese Embassy in Nigeria has launched an investigation...

APC’s Future Bright Under Nentawe’s Leadership — Daduut

By Israel Adamu, Jos Senator Nora Ladi Daduut has congratulated...
spot_img

Related Articles

Popular Categories

spot_imgspot_img