Subsidy removal: Shetimma-led NEC, to work on reliefs for subsidy impact

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President Bola Tinubu has instructed the National Economic Council (NEC), led by Vice president, Kashim Shetimma, to develop an approach to ease the impact of subsidy removal on Nigerians by means of relief.

The Governor of Ogun State, Dapo Abiodun, announced this after meeting with some major oil marketers in a courtesy visit to the State House. The Governor, who formerly chaired the Oil Marketers Association, stated that the marketers supported the President’s decision to remove the four-trillion-naira subsidy burden, a move that could boost the allocation of funds to states through the FAAC.

The group of marketers also announced plans to donate 50 to 100 50-seater mass transit buses to help the masses, this gesture will cost nearly 100 million naira each and 10 billion naira cumulatively, to help cushion the effect of the subsidy removal within the next thirty days. They expressed hope that other corporations could follow their example.

In addition the government has said that it is looking for ways to alleviate the impact of subsidy removal on Nigerians.

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