- The National Economic Council (NEC) has converged again for another emergency meeting amid the ongoing hardship in the country
- The meeting was presided over by Vice President Kashim Shettima on Thursday, August 17, at the presidential villa
- The meeting would be the third since the emergence of President Tinubu, and it is expected to deliberate on how palliative would be disbursed to Nigerians
FCT, Abuja - Vice-President Kashim Shettima, on Thursday, August 17, presides over the National Economic Council (NEC) meeting at the presidential villa.
It would be the third NEC meeting of President Bola Ahmed Tinubu's government.
As reported by TheCable, the meeting is on the heels of the rapid inflation and hardship caused by the federal government's economic policies.
Meeting to mitigate on effect of fuel subsidy removal
The council comprises 36 State governors, the Central Bank of Nigeria (CBN) governor and other government officials.
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During its previous meeting in July, NEC outlined plans to mitigate the effects of petrol subsidy removal and the unification of the exchange rate.
The council also suggested that states implement a cash transfer programme based on their social registers.
The council also suggested that a monetary incentive should be rolled out for six months.
Vice President Shettima inaugurates NEDC board, details emerge
Meanwhile, the Vice President of Nigeria, Kasim Shettima, has inaugurated the North East Development Commission (NEDC) board.
The governor of Borno state, Babagana Zulum and the NDLEA chairman, Brig-Gen Buba Marwa (rtd), were present during the ceremony.
General Paul Tarfa (RTD) and Alhaji Mohammed Goni Alkali were among those on the board of the NEDC.
FG approves salary increase for President Bola Tinubu, Shettima, others? Fact emerges
Meanwhile, a Nigerian newspaper reported that through the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC), the FG had approved a 114% salary increase for all elected politicians.
Recently, the RMAFC concluded arrangements to start reviewing the remuneration of political and public office holders in the country.
Although the commission recommended the increment before the Bola Tinubu administration came on board in May, the fact is that it is yet to be approved by the new executive.