President Bola Ahmed Tinubu (BAT) has inaugurated the National Economic Council (NEC) which is headed by the Vice President, H.E Kashim Shettima.
According to a video shared by the Asiwaju Bola Ahmed Media Centre on Twitter on Thursday, Tinubu inaugurated the NEC at the presidential villa in Abuja.
Tinubu had last week directed the NEC led by the vice president to device an approach and begin the process of working on interventions to mitigate the impact of fuel subsidy removal on Nigerians.
Ogun State governor, Dapo Abiodun said this last Wednesday while briefing State House reporters after leading some major oil marketers on a courtesy call on the president at the Presidential Villa.
Addressing correspondents after the meeting, Abiodun, who is a former chairman of the oil marketers association, stated that the marketers expressed solidarity with the President for removing the N4trn subsidy burden.
He said this is a move that can enhance the Federation Account Allocation Committee (FAAC) allocation to states.
The group of marketers subsequently announced their intention to donate to 50 to 100, fifty-seater mass transit buses that would run on CNG, costing N100m each and N10bn cumulatively, to cushion the effect of the removal within the next 30 days.
Tinubu had earlier called on the governors to collaborate with the Federal Government in tackling the menace of poverty in the country, saying the level of impoverishment was unacceptable.
He advised the political leaders to downplay their differences and jointly focus on alleviating the sufferings and pains of the people.
