What Many Nigerians Don’t Know About Federal Government’s N5bn Subsidy Removal Palliative to States

The relief aid given to the states by the federal government to cushion the effects of the removal of the petrol subsidy is a loan, TheCable can report.

Earlier, the federal government announced a N5 billion relief package for each state of the federation, including the federal capital territory (FCT).

Babagana Zulum, governor of Borno, who spoke on Thursday at the end of the national economic council (NEC) meeting presided over by Vice President Kashim Shettima, said the palliative would enable state governments to procure 100,000 bags of rice, 40,000 bags of maize and fertilizers to cushion the effect of food shortage across the country.

However, in a memo to governors entitled “Re: Distribution of Palliatives – Terms of FG Facility”, Asishana Okauru, director-general of Nigeria Governors Forum (NGF), said states might opt out of the offer and return a sum of N2 billion already given to them.

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