In an effort to address the challenges stemming from the removal of fuel subsidies, the Federal Government has taken steps to ease the burden by granting approval for the allocation of N5 billion to each of the 36 states.
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This decision was unveiled during a press briefing on Thursday following the monthly meeting of the National Economic Council (NEC), chaired by Vice President Kashim Shettima at the Presidential Villa in Abuja.
Governor Babagana Zulum of Borno State elaborated on the rationale behind this move, highlighting that it constitutes a temporary solution to counteract the escalating cost of living brought about by the subsidy withdrawal. As part of this initiative, the states are entrusted with the task of procuring essential food supplies.
The allocated funds are intended to facilitate the purchase of 100,000 bags of rice and beans, alongside other critical food items. Moreover, to bolster these efforts, each state will be provided with five shipments of rice.
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Acknowledging the unique circumstances faced by the frontier states that share borders with Niger Republic, Governor Zulum further shared that these states would receive a greater share of palliative assistance compared to others.
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This decision comes in light of the significant influx of refugees from the neighboring country, adding to the challenges faced by these states.
