The National Economic Council (NEC) has constituted an Ad-hoc Committee to engage with the leadership of labor unions toward resolving issues surrounding the petrol subsidy removal across the States.
The decision was reached at the 135th meeting of NEC chaired by the Vice President, Mr Kashim Shettima in Abuja on Thursday, August 17th, 2023.
The committee comprises the Nigerian Governors Forum Chairman, AbdulRahman AbdulRazaq; Governor of Anambra State, Chukwuma Soludo; Chairman of Progressives Governors Forum, Hope Uzodinma of Imo State; PDP Governors Forum Chairman, Bala Mohammed of Bauchi State, and Abia State Governor, Alex Otti.
Vice President said the committee will liaise with the leadership of labor unions in the country to find a way forward on the emerging issues in the interest of the nation.
Council also received progress reports on the ongoing nationwide distribution of rice, grains, fertilizer, and other items to States and N5 billion in financial support, provided by the Federal Government and commended the Central Bank of Nigeria (CBN) and the National Emergency Management Agency (NEMA) for their interventions.
Council then noted various interventions by State governments and urged them to upscale the distribution of palliatives toward alleviating the suffering of citizens, especially vulnerable groups.
NEC also mourned the death of some military personnel in Niger State and observed a minute silence in honour of the deceased, while commiserating with their families.
Below are other highlights of the meeting:
Excess Crude Account from 19th July to 14th August 2023, $473,754.57
Stabilisation Account from 18th July to 14th August, N30,346,557,405.12
Natural Resources Account from 18th July to 14th August 2023, N115,175,616,159.65
