Fuel Subsidy Removal: FG Considers CNG Vehicles, N25b Monthly Allowances For Workers - EDU-BIZNEWS


Friday, June 16, 2023

Fuel Subsidy Removal: FG Considers CNG Vehicles, N25b Monthly Allowances For Workers

The Federal Government of Nigeria is strongly considering the provision of N25billion monthly allowances for workers and implementation of  
Compressed Natural Gas (CNG) programme for vehicles in the country as part of measures to cushion the impact of fuel subsidy removal 

Governor Bala Mohammed of Bauchi State revealed this to State House Correspondents on Thursday, shortly after an inaugural meeting of the 
National Economic Council (NEC) chaired by the Vice-President Kashim Shettima in Abuja 

Mohammed, who was flanked by four of his colleagues, said the Council also discussed the possibility of obtaining funds from the World Bank and London partners to implement the Compressed Natural Gas (CNG) programme for Vehicles

He added that the Council deliberated on other recommendations including the one by the organized labour for N702.9 billion consequential adjustment on allowances as well as no less than N25 billion naira per month, which they requested to cushion the effects of the subsidy removal.

The NEC according to him,  took very far-reaching decisions and deliberations on the issue of the removal of petroleum subsidy and its general impact on the economy

Mohammed noted that NEC had received recommendations on the issue of the National Salaries, Income, and Wages Commission to help the situation.

The Bauchi governor equally stated that inputs of the committee on palliatives earlier set up and headed by former Vice President Yemi Osinbajo, would not be discarded but integrated into the ongoing process.

The Council after its inaugural NEC meeting , announced that it would set up a committee to work out within two weeks, the modalities for organizing and distributing the palliatives.

Members of the committee include the Governor of Kebbi, the Governor of Benue for North Central; the Governor of Kaduna, Northwest; Bauchi, representing the North East; the Governor of Cross River, South-South; Anambra representing the South East geopolitical zone and Oyo State for the South West.

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