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Government Slashes Rice Price to N40,000 per Bag In Regards To The High Cost of Food

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The federal government has announced the sale of a 50kg bag of rice for N40,000 as part of its latest intervention to provide relief to Nigerians facing economic hardships.

In a statement made at the presidential villa on Monday, Mohammed Idris, the Minister of Information and National Orientation, detailed the government’s efforts to address the ongoing concerns of citizens and to mitigate the impact of rising food prices.

Idris disclosed that 20 trucks of rice have been allocated to each state across the federation, with the aim of making the staple food more affordable.

The government has set up designated centers where these bags of rice are being sold at a reduced price of N40,000 each, which represents a 50 percent reduction from the current market rate. However, the minister did not specify the exact locations of these distribution centers.

The president has heeded the concerns expressed by those planning a protest and wants to assure them that there is no need for such demonstrations,” Idris remarked.

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He emphasized that the government is already taking proactive steps to address the issues raised, including making essential food items more accessible.

Idris highlighted that in addition to the distribution of rice, the government is also committed to providing support to the most vulnerable populations.

We have recently announced that 20 trucks of rice have been dispatched to each state, aimed specifically at reaching those in dire need—particularly the poorest members of society.

This is just the beginning, as further interventions are planned to ensure more comprehensive support.”

The minister acknowledged that the current supply of rice may not be sufficient to meet all demands but stressed that these measures are intended to be temporary solutions.

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He assured that additional steps are being taken to stabilize food prices in the long term, citing significant investments being made in the agricultural sector.

The government’s efforts are not limited to immediate relief. We are also heavily investing in agriculture, including irrigation projects, which are expected to help reduce food prices as the rainy season progresses.”

Furthermore, Idris urged the youth to reconsider their planned nationwide protest, stating that the government is actively working to address various national challenges.

He mentioned the government’s efforts to create employment opportunities for young people through the MTT programme, which aims to provide jobs for around 3 million individuals.

The right to peaceful protest is a fundamental democratic right, and the government acknowledges this.

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However, we are concerned that such protests could be hijacked by individuals with malicious intentions, potentially leading to violence.

This could have detrimental effects on the country, which is why we are appealing for the protests to be postponed,” he added.

Idris reassured citizens that the government is committed to addressing their needs across various sectors, including healthcare, agriculture, infrastructure, and education.

He emphasized that while it may take time for all these initiatives to fully take effect, the ongoing efforts are intended to ensure that no one is left behind.

In summary, the federal government is taking multiple steps to alleviate economic pressures on citizens, including subsidizing rice prices and investing in agricultural improvements.

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Idris’s message underscores the government’s commitment to addressing public concerns while urging a reconsideration of planned protests.


 

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Ngozi Okonjo-Iweala Says Nigeria Lacks a Maintenance Culture

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The Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, has spoken on Nigeria’s economy, stating that the country lacks a good maintenance culture.

She said “The fact is that endowments alone do not add value. Budgetary allocations alone do not lead to new roads or good maintenance.”

“We lack a maintenance culture in the country. I have to say that. I’m Nigerian, but we need that. We need better ports and digital infrastructure, and lower trade costs. Execution is what matters, and successful execution requires focus. It requires prioritisation.”


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Peter Obi Criticises President Tinubu’s Statement on Hunger

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Politician and former presidential candidate Peter Obi speaks on President Bola Tinubu’s comments regarding the rising hunger and worsening economic situation in Nigeria.

It can be noted that the President recently stated that hunger has always existed in Nigeria.

Peter Obi responded “I watched with deep concern the statement made by President Bola Tinubu to the Catholic Bishops, that there has always been hunger in Nigeria, even before he was born.”

“While it is true that hunger has been a part of human life and has existed in our country for decades, such a statement appears insensitive to the plight of the millions of Nigerians who face worsening economic hardship today.”


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Nigerian Army Launches New IED Training Programme

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Reports have been shared stating that the Nigerian Army has launched a new programme designed to train and improve the skills of engineers in tackling threats posed by Improvised Explosive Devices (IEDs).

The seminar is being organised by the 41 Engineer Brigade of the 1 Division Nigerian Army.

It was stated “Improvised Explosive Devices have become one of the greatest security threats confronting the Nigerian Army in ongoing counter-insurgency operations. Their widespread use has complicated military operations and humanitarian activities in conflict-affected areas.”


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