tinubu

Kashim Shettima led National Economic Council (NEC), on Thursday, in Abuja, recommended paying N702bn as cost of living allowance to civil servants from the National Salaries Income and Wages Commission as part of intervention plans to cushion the effects of the petroleum subsidy.

According to Bala Mohammed, the Bauchi State Governor, who disclosed this to newsmen after the inaugural National Economic Council meeting at the Aso Rock Presidential Villa, said that the intervention also includes a recommended sum ranging from N23.5bn to N45bn per month as a petroleum allowance for civil servants. ⁣
The NEC inauguration is coming barely two weeks after President Bola Ahmed Tinubu directed all 36 governors to concretise various palliative measures to ease the hardship of the people. ⁣

He said, “The NEC had received recommendations on the various ways and means that the country can use whatever increases that we have in the revenue to mitigate the impact that this is going to make on the lives of our workers. ⁣

“And so they recommended that there should be a consequential adjustment, estimated at N702.92bn as part of the allowances that should be given as petroleum allowance to all workers and as well as a N23 or N25bn monthly offer to cushion the effect on workers.” ⁣

The Chairman of PDP Governors’ Forum also stated that the council received other suggestions to review salaries and wages.⁣

“In addition to the palliative, the government looked at all the issues, challenges and problems holistically and set up a small committee of the council to review and come up with a term of reference to organise areas specifically where this palliative can come from and how it will be dispensed to alleviate the problem of workers and other vulnerable groups,” Mohammed explained.⁣

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

“Other relevant agencies in the committee are the Budget Office, representatives of the Central Bank of Nigeria, Office of the Attorney-General of the Federation, Nigerian National Petroleum Company Limited, Trade Union Congress of Nigeria and the Nigeria Labour Congress and Rukayat El-Rufai.⁣

“We will sit within two weeks to come up with a recommendation to NEC for a holistic decision that will be taken immediately to alleviate the problem that is being encountered by the removal of the subsidy,” the Bauchi Governor explained.

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