Petrol subsidy: NEC mulls N702bn as allowance for workers

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Petrol subsidy: NEC mulls N702bn as allowance for workers
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Mohammed also revealed that the intervention included a recommended sum ranging from N23.5bn to N45bn per month as petroleum allowance for civil servants.

The National Economic Council on Thursday, in Abuja, said it considered recommendations from the National Salaries Income and Wages Commission to pay N702bn as cost of living allowance to civil servants as part of intervention plans to mitigate the effects of the discontinuance of petroleum subsidy as announced on May 29, 2023.

Mohammed also revealed that the intervention included a recommended sum ranging from N23.5bn to N45bn per month as a petroleum allowance for civil servants. According to him, “The NEC had received recommendations on the various ways and means that the country can use whatever increases that we have in the revenue to mitigate the impact that this is going to make on the lives of our workers.

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