Subsidy: NEC Considers N702bn For Civil Servants' Allowances

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Subsidy: NEC Considers N702bn For Civil Servants' Allowances
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The National Economic Council (NEC) yesterday unveiled plans to provide relief measures for workers and vulnerable groups in Nigeria to cushion the effect of

Noting that NEC took very far-reaching decisions and deliberations on the issue of the removal of petroleum subsidy and its general impact on the economy, Mohammed said: “Specifically on the issue of national salaries, income and wages commission, 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 is going to make on the lives of our workers and all those people involved.

“And so, they recommended and they gave us a scenario recommending that there should be a consequential adjustment, estimated at N702,919.8 billion as part of the allowances that should be given as petroleum allowance to all workers and as well as a 23 or 25 billion monthly offer to cushion the effect on workers and others suggestion that will go a long way in making sure that there is review of our salaries and wages.

The governor further revealed that the council looked at all the issues, including “the challenges and problems holistically and set up a small committee of council to review and come up with a term of reference to organized areas, specifically where these palliatives can come and how it will be dispensed to alleviate the problem of workers and other vulnerable groups.

“Members of the committee are composed of Governor if Kebbi as Chairman; Anambra representing the South East geopolitical zone; Benue governor, North Central; governor of Kaduna, Northwest; my humble self, Bauchi, representing the North East; governor Cross River, South South and Oyo State, South West.

“Other relevant agencies were also included.

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