The federal government has introduced a palliative of N5 billion for each state in the federation, along with the federal capital territory (FCT), aimed at mitigating the effects of the removal of the petrol subsidy.

Babagana Zulum, governor of Borno state, made the announcement in Abuja on Thursday when he spoke to State House correspondents at the end of a national economic council (NEC) meeting.

Vice President Kashim Shettima presided over the meeting.

The council is made up of governors of the 36 states, the governor of the Central Bank of Nigeria (BN) and other coopted government officials.

More to follow…