The National Economic Council (NEC) meeting chaired by Vice President Kashim Shettima, is said to be currently held at the Council Chambers of the State House in Abuja.
The meeting has in attendance governors of 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.
This is the second meeting of the Council and it is expected to deliberate on the reviewed palliative package for Nigerians following the removal of the petrol subsidy and the recent hike in petrol prices to up to N617/litre as a result of market forces.
President Bola Tinubu had unveiled his administration’s plan for a monthly N8,000 transfer to 12 million of the poorest households in the country for six months, in a bid to cushion the effects of the removal of fuel subsidy.
ALSO READ:
- Chicago State University Releases Tinubu’s Academic Records To Atiku
- EFCC Hails Arraignment of Diezani in London Court
- “I am Sorry; I don’t Know What Came over me – Chioma Egodi Jnr Tenders Apology to Erisco Foods Over Misleading Facebook post
- FG, Labour resume talks in Aso Villa
- NAF Destructs Terrorists’ Hideouts In Borno State
The plan was contained in a letter read last Thursday on the floor of the House of Representatives regarding the $800 million loan request of the previous Muhammadu Buhari administration for a social safety net programme.
However, following a series of criticisms from Organised Labour, Tinubu ordered a review of the proposed palliative.
Among other issues, the review by the President should be top on the NEC meeting agenda on Thursday.
Channels Television
Publisher,
Lagos Post Online,
Lagos Post is an online publication that seeks to provide fair, unbiased, credible, balanced and useful information about Corporate Organisations, Governments and the General Public by breaking news in Business, Politics, Arts, Entertainment, Culture, and Sports in Nigeria, Africa and the World. As a global news portal, we continually stand for responsible journalism and sound media practice.
Mobile: +238025837037
Email: lagospostng@gmail.com
