JUST IN: Subsidy: NEC considers N702bn civil servants allowance recommendations The National Economic Council, on Thursday, in Abuja, said it considered recommendations from the National Salaries Income and Wages Commission to pay N702bn as cost of living allowance to civil servants as part of intervention plans to mitigate the effects of the discontinuance of petroleum subsidy as announced on May 29, 2023. The Governor of Bauchi State, Bala Mohammed, disclosed this to State House Correspondents shortly after the inaugural National Economic Council meeting at the Aso Rock Presidential Villa on Thursday. Mohammed also revealed that the intervention includes a recommended sum ranging from N23.5bn to N45bn per month as a petroleum allowance for civil servants. Thursday’s announcement comes barely two weeks after President Bola Tinubu directed the governors to concretise various palliative structures to ease the attendant hardship from the petrol subsidy discontinuance. Ac...
