A significant development was announced by the Federal Government as it unveiled various centers nationwide where individuals can acquire a 50kg bag of rice for N40,000.
During a press briefing after the Federal Executive Council meeting chaired by President Bola Tinubu in Abuja, Minister of Information and National Orientation, Mohammed Idris, disclosed this initiative among others aimed at improving the standard of living for citizens.
Idris dismissed the need for the scheduled nationwide protests starting on August 1, citing President Tinubu’s efforts to address the people’s grievances on their behalf.
He further asserted that the government has been addressing most demands put forth by protest organizers, emphasizing the administration’s responsiveness to the populace.
The minister highlighted the distribution of 740 trucks of grains to states and the availability of 50kg rice bags at designated centers for N40,000, underscoring ongoing efforts to support those in need.
Outlining some initiatives, Idris mentioned the provision of 20 trucks to each state for distribution to the most vulnerable groups in society, along with the sale of rice at significantly reduced prices.
He expressed optimism about a potential decrease in food prices with the onset of the rainy season, attributing it to increased investments in agriculture and irrigation.
Additionally, he addressed efforts to alleviate living costs through initiatives like the student loan scheme and the anticipated disbursement of CNG kits, albeit noting logistical challenges delaying the rollout of CNG buses.
Minister of Interior, Olubunmi Tunji-Ojo, commended the administration’s progress over the past 13 months, particularly emphasizing the removal of fuel subsidies to address long-standing issues in the energy sector.
He highlighted policies promoting local trade in crude oil and refined products as mechanisms to attract investments, boost employment, and enhance Nigeria’s energy independence.
Tunji-Ojo also pointed out the unification of exchange rates as a measure to enhance economic predictability, attract foreign investment, and bolster local government autonomy for grassroots development.
Following the minimum wage bill signing, Senate President Godswill Akpabio cautioned against potential chaos, urging against destructive actions that could strain Nigeria’s resources already constrained by years of insecurity.
Akpabio emphasized the importance of youth vigilance to prevent exploitation for political gains, urging a focus on national development over destructive activities that deplete resources.