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.
The Governor of Bauchi State, Bala Mohammed, disclosed this to State House Correspondents shortly after the inaugural National Economic Council meeting at the Aso Rock Presidential Villa on Thursday. Mohammed also revealed that the intervention includes a recommended sum ranging from N23.5bn to N45bn per month as a petroleum allowance for civil servants.
“In addition to the palliative, the government looked at all the issues, challenges and problems holistically and set up a small committee of the council to review and come up with a term of reference to organise areas specifically where this palliative can come from and how it will be dispensed to alleviate the problem of workers and other vulnerable groups,” Mohammed explained.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shettima presides over NEC meetingThe NEC meeting is the first since the inauguration of the Tinubu administration on 29 May.
Read more »
Subsidy removal and its discontents, By Sam AmadiThe sudden but predicted removal of fuel subsidy has sparked some fireworks and a lot of incoherence about the Nigerian economy and its sociopolitical currents. In the matter of subsidy, I suspect that there is as much consensus as confusion. The major presidential candidates all committed to removing fuel subsidy, although with different nuances about […]
Read more »
Subsidy Removal: Marketers Galvanise For CNG Rollout At N100/litreThe national president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Elder Chinedu Okoronkwo, said the Association is 90 per cent
Read more »
Subsidy removal: NLC restates confidence in JudiciaryThe Nigeria Labour Congress (NLC) has restated its confidence in the country’s judiciary, saying it remains unshakeable after its ruling on the Labour union's planned strike action.
Read more »
Subsidy removal: Reps ask FG to provide palliatives for Nigerians | TheCableThe house of representatives has urged the federal government to introduce palliative measures to cushion the effects of the fuel subsidy removal on Nigerians.
Read more »
Subsidy: Provide palliatives for Nigerians, Reps urge FGThe House of Representatives has urged the Federal Government to provide palliatives for Nigerians due to the hardships caused by the removal of subsidy on Premium Motor Spirit (petrol) by the Bola Tinubu administration.
Read more »