HomeEconomyJUST IN: FG Approves N5bn Palliative Fund For 36 States

JUST IN: FG Approves N5bn Palliative Fund For 36 States

As part of its efforts to alleviate the harsh realities of fuel subsidy removal, the Federal Government has approved N5 billion for each of the 36 States for the procurement of food items.

This was disclosed to journalists on Thursday after the month’s National Economic Council (NEC) meeting presided over by Vice President Kashim Shettima at the Presidential Villa, Abuja.

Borno Governor Babagana Zulum explained that it was part of measures to bring temporary solutions to the high cost of living caused by the subsidy removal.

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He said the States are to purchase 100,000 bags of rice and beans among other items, adding that each of the States is also to receive five trucks of rice.

He also said the NEC agreed that the frontier States bordering the Niger Republic are to be assisted with more palliative materials than others, considering the influx of refugees into their domains from the beleaguered neighbouring country.

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