{"id":2705,"date":"2023-08-17T16:59:10","date_gmt":"2023-08-17T16:59:10","guid":{"rendered":"https:\/\/thenewsnow.org\/?p=2705"},"modified":"2023-08-17T16:59:10","modified_gmt":"2023-08-17T16:59:10","slug":"subsidy-removal-fg-announces-n5bn-palliative-for-each-state","status":"publish","type":"post","link":"https:\/\/thenewsnow.org\/index.php\/2023\/08\/17\/subsidy-removal-fg-announces-n5bn-palliative-for-each-state\/","title":{"rendered":"Subsidy removal: FG announces N5bn palliative for each state"},"content":{"rendered":"<p class=\"caps\"><strong>The federal government has announced a N5 billion palliative for each state of the federation, including the federal capital territory (FCT), to cushion the impact of the removal of the petrol subsidy.<\/strong><\/p>\n<p>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.<\/p>\n<p>Vice President Kashim Shettima presided over the meeting.<\/p>\n<p>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.<\/p>\n<div class=\"12\">\n<p>On May 29, in his inaugural speech, President Bola Tinubu said the petrol subsidy <strong><a href=\"https:\/\/www.thecable.ng\/breaking-fuel-subsidy-is-gone-says-tinubu\">regime was over<\/a><\/strong>.<\/p>\n<p>\u201cOn fuel subsidy, unfortunately, the budget before I assumed office is that no provision is there for fuel subsidy. So, fuel subsidy is gone,\u201d the president had said.<\/p>\n<p>Following Tinubu\u2019s comments, huge queues resurfaced at filling stations in some parts of Nigeria \u2014 a situation the Independent Petroleum Marketers Association of Nigeria (IPMAN)\u00a0<a href=\"https:\/\/www.thecable.ng\/petrol-subsidy-removal-resurgence-of-queues-caused-by-panic-buying-says-ipman\"><strong>blamed on panic buying<\/strong><\/a>.<\/p>\n<p>On July 30, the federal government said it was working on <a href=\"https:\/\/www.thecable.ng\/tinubu-fg-seriously-working-to-ease-effect-of-petrol-subsidy-removal\" target=\"_blank\" rel=\"noopener\"><strong>measures<\/strong><\/a> to ease the effect of petrol subsidy removal on the masses.<\/p>\n<p>In a nationwide broadcast on July 31, Tinubu said he \u201c<a href=\"https:\/\/www.thecable.ng\/tinubu-to-nigerians-i-understand-your-pain-since-subsidy-removal-but-theres-no-other-way\/amp\" target=\"_blank\" rel=\"noopener\"><strong>understands the hardship<\/strong><\/a>\u201d Nigerians have gone through since the removal of the petrol subsidy.<\/p>\n<p>Owing to the policy, organised labour embarked on a nationwide strike to reject what they described as the inability of the federal government to provide adequate palliatives for workers.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The federal government has announced a N5 billion palliative for each state of the federation, including the federal capital territory<\/p>\n","protected":false},"author":1,"featured_media":2033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/2705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/comments?post=2705"}],"version-history":[{"count":1,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/2705\/revisions"}],"predecessor-version":[{"id":2706,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/posts\/2705\/revisions\/2706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media\/2033"}],"wp:attachment":[{"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/media?parent=2705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/categories?post=2705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenewsnow.org\/index.php\/wp-json\/wp\/v2\/tags?post=2705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}