 The federal government has approved five billionaires for each state of the federation in the form of grants and loans to alleviate the effects of the fuel subsidy removal on vulnerable Nigerians. This is apart from the ongoing distribution of five trucks of grains, fertilizers and other food items as part of immediate palliative measures to each state in the country. Governor of Borno State Babagana Zulum stated these as part of the issues raised and agreed upon during the National Economic Council meeting presided over by Vice President Kashim Shatema. In order to cushion the effect of the subsidy removal, the federal government of Nigeria has released five trucks of rice to each state last week. Furthermore, in order to cushion the effect of food shortages across the country, the federal government has approved the sum of five billionaires to be given to each state for the procurement removal. There was no way you were going to avoid for ex-volatility as it were. We just printed 22-23 trillion naira pumped into the system. I would nothing to back it by wear of ways and means, which was what happened under the previous regime. There is no way you will pump all of those and not expect prices, inflation and exchange rates to give way. This is a very important point that people will must all appreciate. And so I believe that the central bank is doing its utmost and probably expecting naira stability in the days ahead, trying to make the best of a bad situation as it were. The country's investments to GDP ratio are the crude oil exports and refined petroleum products have dominated Nigeria's trade structure. And also the position of the naira against major trading currencies deteriorated. The council also expressed concerns over the refusal of over 15 states to submit the report on the impact of the 2022 flood in their respective states. Kogi state governor Yahya Bello hinted that the federal government will soon release funds to states affected by floods, while the next secretariat would embark on an undersports visit to the communities. Climate change is a reality. Neck recognized that, Nigerians recognized that, that has come to stay. Whether states, what are states doing to mitigate against the effects? Every state is affected. And let me tell you before any palliative or before any assistance come from any donor agency or federal government, every state makes effort to ensure that we take the peoples off harm's way. No state does not have, no state or no state governor will not have the interest of his people at heart. So, yes, there are some states that have not submitted, you know, quite what is desired. Hello, hope you enjoyed the news. Please do subscribe to our YouTube channel and don't forget to hit the notification button so you get notified about fresh news updates.