20th July, 2023
The National Economic Council (NEC) on Thursday announced palliative measures to cushion the effects of fuel subsidy for Nigerians.
The palliative measures were announced at the end of a meeting attended by 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.
Among others, they agreed on cash transfers to Nigerians using the state social registers subject to state peculiarities.
Also, government officials were urged to reduce the cost of governance in their states. .
The Federal Government will implement a six-month cash award policy for civil servants.
Also, food items grains and fertilisers are to be distributed by state governments at the rate acquired from National Emergency Management Agency (NEMA.
States are urged to initiate police to tackle the cost of transportation among others.
See the esolutions by the National Economic Council, NEC below.
1. Negotiate a new minimum wage for workers.
2. Each state should plan towards implementing a cash transfer programme based on the social register of the state.
3. Cash Award Policy for public servants for 6 months.
4. State Governments to pay public servants outstanding liabilities.
5. Govt should begin to fund MSME with single digit interest rates.
6. Immediate implementation of the energy transition plan which means transiting from fossil fuels vehicles to CNG.
More later