President Bola Ahmed Tinubu has announced the disbursement of N185 billion as palliatives for each state of the federation, including the federal capital territory (FCT), to cushion the impact of the removal of the petrol subsidy.
The N185 billion will be shared among the 36 states in the federation including the FCT. This means each state will receive N5 billion.
Babagana Zulum, governor of Borno state, made the announcement in Abuja on Thursday when he spoke to State House correspondents at the end of a national economic council (NEC) meeting.
Vice President Kashim Shettima presided over the meeting.
The council is made up of governors of the 36 states, the governor of the Central Bank of Nigeria (BN) and other coopted government officials.