Monday , September 16 2024

Federal Government Crashes Bag of Rice Prices

The Federal Government has established centers nationwide where Nigerians can purchase a 50kg bag of rice for N40,000. Mohammed Idris, the Minister of Information and National Orientation, revealed this initiative following a Federal Executive Council meeting led by President Bola Tinubu at the State House in Abuja.
Idris explained that the government has distributed 740 trucks of grains to states. According to Punch, he stated: “At the last Council meeting, we announced that 20 trucks had been given to each state governor for onward distribution to those in need, particularly the poorest in society. However, the government did not stop there. Rice is also being sold at about 50% of its cost; a bag of rice is being sold at N40,000.

“These sales are happening at various centers across all states of the federation. In the first instance, about 10 trucks have been made available to each state; this is just the beginning. Some comments suggest that these supplies are insufficient, and the government acknowledges that they are not enough. However, these are necessary initial steps, and more interventions are planned in the interim.”




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