The Federal Government announced on Monday the establishment of centres nationwide where Nigerians can purchase a 50kg bag of rice for N40,000.
This initiative was unveiled by the Minister of Information and National Orientation, Mohammed Idris, during a briefing following the Federal Executive Council (FEC) meeting at the State House in Abuja.
Idris emphasized that this move is part of the Tinubu administration’s broader strategy to address economic hardships. He asserted that the planned nationwide protests set to begin on August 1 were unnecessary, given the government’s ongoing efforts to tackle citizens’ concerns. “President Tinubu is already protesting on behalf of the people,” Idris remarked, adding that the administration is actively addressing the demands of the protest organizers.
READ ALSO: Hardship: DSS recovers 2,000 diverted bags of FG’s rice in Katsina
The Minister highlighted that the government has already taken significant steps, including distributing 740 trucks of grains to various states and establishing centres where rice is sold at a significantly reduced price. “For instance, 20 trucks have been allocated to each state governor for distribution to the most vulnerable populations,” Idris explained. “Additionally, rice is being sold at about 50% of its market value, with designated centres selling a 50kg bag for N40,000.”
Idris also noted that the government is working to reduce food prices further, anticipating a decrease as the rainy season progresses and agricultural investments take effect. The administration is also focusing on other measures to alleviate living costs, including the student loan scheme and the rollout of Compressed Natural Gas (CNG) kits for buses. He acknowledged some delays in CNG bus deployment due to logistical challenges but expressed optimism about future benefits.
Minister of Interior Olubunmi Tunji-Ojo defended the administration’s progress, highlighting recent achievements such as the removal of the fuel subsidy, which he described as a critical reform for the energy sector. Tunji-Ojo also underscored the importance of local trade policies and exchange rate unification in boosting economic stability and fostering investment.
Senate President Godswill Akpabio, addressing journalists after the signing of the minimum wage bill, urged caution against violence during the protests. “You have a right to protest, but you do not have a right to destabilize the country,” Akpabio warned. He stressed that any destruction of property would have financial repercussions, urging Nigerians to focus on constructive development rather than potential anarchy.
