After a six hour meeting today the National Economic Council made up of the thirty six states and headed by the Vice President,Kashim Shettima has outlined six steps towards cushioning effect of the removal subsidy.
Below are the details of the resolution.
Subsidy removal: FG, govs working on palliatives-Uzodimma
●1. Negotiate a new minimum wage for workers.
●2. Each state should plan towards implementing a cash transfer programme based on the social register of the state.
●3. Cash Award Policy for public servants for 6 months.
●4. State Governments to pay public servants outstanding liabilities.
●5. Govt should begin to fund MSME with single digit interest rates.
●6. Immediate implementation of the energy transition plan which means transiting from fossil fuels vehicles to CNG.
