Nigerian government begins sale of 50kg rice for N40,000

In a recent briefing, the Federal Government announced the establishment of centres across Nigeria where citizens can purchase a 50kg bag of rice for N40,000.

This initiative, disclosed by the Minister of Information and National Orientation, Mohammed Idris, follows the Federal Executive Council meeting presided over by President Bola Tinubu.

Minister Idris emphasized that this measure is part of broader efforts by the Tinubu administration to alleviate living conditions for Nigerians amidst economic challenges. He argued that the nationwide protests set for August 1 were unnecessary, stating, “President Tinubu is already protesting on behalf of the people.”

The minister highlighted several recent actions taken by the government to address economic hardships. These include the distribution of 740 trucks of grains to various states and the availability of rice at subsidized rates at designated centres nationwide. Each state has been allocated 10 trucks of rice for sale at N40,000 per 50kg bag.

“For example, at the last Council meeting, we announced that 20 trucks had been given to each state governor for onward distribution to those who actually needed them, to the poorest of the poor in society,” Idris noted. “Rice is also being sold at about 50 per cent of its cost; a bag of rice is being sold as we speak. This rice has been taken to various centres across all the states of the federation and is being sold at N40,000.”

Idris acknowledged that these interventions are initial steps and may not fully address the needs of all citizens. However, he assured that more efforts are underway, particularly in boosting agricultural production and irrigation activities to reduce food prices in the long term.

The minister also addressed other government initiatives, such as the student loan scheme and the forthcoming disbursement of Compressed Natural Gas (CNG) kits to ease transportation costs. He cited unavoidable logistical challenges for the delay in rolling out CNG buses, but noted that significant progress is being made.

Minister of Interior Olubunmi Tunji-Ojo highlighted the accomplishments of the 13-month-old administration, particularly the removal of fuel subsidies and policies promoting local trade in crude oil and refined products. He asserted that these measures would attract investments, create jobs, and enhance Nigeria’s energy independence.

Additionally, the unification of exchange rates is expected to improve economic predictability, foster foreign direct investment, and support local government autonomy, ultimately driving grassroots development.

Senate President Godswill Akpabio, following the signing of the minimum wage bill, warned against anarchy, urging Nigerian youth to avoid being misled by political agendas. He stressed that any destruction of property would divert funds from developmental projects to rebuilding efforts, which the country cannot afford.

In summary, the Federal Government is actively implementing measures to mitigate economic challenges and improve living conditions for Nigerians, urging patience and cooperation from citizens during this period of transition.

 

(Punch)