The National Economic Council (NEC) on Thursday said it is considering crucial recommendations from the National Salaries Income and Wages Commission on a proposed cost of living allowance amounting to N702bn for civil servants as part of its intervention plans to alleviate the impact of the discontinuation of petroleum subsidy.
President Bola Tinubu had, at his inaugural address at Eagle Square, Abuja, declared that there would no longer be a petroleum subsidy regime as it was not sustainable.
Governor Bala Mohammed of Bauchi State, who informed State House correspondents about the deliberation, revealed that the proposed intervention measures include a monthly petroleum allowance for civil servants, ranging from N23.5 billion to N45 billion.