The Nigerian Government Will Start Distributing Grains And Fertilizers To Ease The Pain Of Rising Fuel Prices According to the office of the...
The Nigerian Government Will Start Distributing Grains And Fertilizers To Ease The Pain Of Rising Fuel Prices
According to the office of the vice president, the Nigerian government intends to start distributing grain and fertiliser on Monday and to raise the pay of federal officials.
The government has taken this action to mitigate the effects of the loss of gasoline subsidies, which have increased living expenses in the most economically powerful nation in Africa.
Grain and fertiliser would be given through the nation's national bank, according to a statement from the vice president's office, and state governors have endorsed the idea. She didn't go into detail about the steps.
The Senate granted President Bola Tinubu's request to borrow $800 million from the World Bank last week in order to assist in addressing the issues brought on by the increase in fuel costs following the cessation of fuel subsidies in May.
The cost of gasoline in Nigeria rose to 617 Naira ($0.78) a litre on Tuesday.
The government has made the decision to create a national bus system that runs on electricity, develop gas conversion facilities, and deploy natural gas-powered vehicles for public transportation.
In order to address the issues, which include massive debts, Tinubu has sparked the most significant changes in Nigeria in many years.
The government's decision to discontinue fuel subsidies without taking action to lower growing prices has drawn criticism from trade unions.
The government and major trade unions in Nigeria set an eight-week deadline in June to come to an agreement on raising the minimum wage for public employees.
