• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Nigeria Govt Begins Sales of 50kg Rice At N40,000 Across Nigeria

Blessing Joseph by Blessing Joseph
July 31, 2024
in Economy, Foods & Beverages, News
0
Nigeria Govt Begins the Sales of 50kg Rice At N40,000 Across Nigeria
Share

The Federal Government has begun distributing an additional ten trucks of 50kg rice to each state, sold at designated centers for N40,000 per bag, to alleviate poverty and the high cost of living.

Minister of Information and National Orientation, Mohammed Idris, announced this initiative while briefing State House correspondents after the Federal Executive Council (FEC) meeting. This measure follows FEC’s statement that the demands of youth protesters are being addressed, eliminating the need for protests.

President Bola Ahmed Tinubu emphasized his commitment to addressing the grievances of the youth, stating, “The President has listened to the voices of all those who are planning this protest. And the message is that there is no need for it.”

Idris noted that the rice distribution is part of the government’s efforts to ensure food availability. “This rice has been taken to various centers across all the states of the federation and is being sold at N40,000 per bag. About ten trucks have been made available to each state,” he said.

He acknowledged that while the supplies may not be sufficient, they are a necessary first step, with more interventions planned. “These are interim measures because there is so much investment going into the agricultural sector,” he added.

Idris also highlighted other government efforts, including the disbursement of student loans and employment initiatives. “The federal government has begun the disbursement of student loans with provisions for over two million students,” he said. Additionally, the government is working to employ three million youths through the MTT program and is advancing the CNG initiative to reduce transportation costs.

“These measures demonstrate the government’s commitment to addressing economic challenges and improving living conditions for Nigerians,” Idris concluded.

Post Views: 180
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2024 Guide to the Top Business Enabling…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • Nigeria's Federal Executive Council Approves Startup Bill
    Nigeria's Federal Executive Council Approves Startup Bill
  • Nigerian Government Expands Subsidized Rice Program, "50kg bag of Rice for N40,000" to States
    Nigerian Government Expands Subsidized Rice Program,…
  • images (48)
    Food Prices Drop in Abuja, But Cost of Yam, Pepper,…
Tags: 000MSME AfricaMSME News in Nigeria todayNigeriaNigeria GovtSales of 50kg Rice At N40
Previous Post

African Product Managers and Startups Essential Skills for Driving Digital Innovation

Next Post

NNPC to Boost Crude Oil Production to Two Million Barrels Per Day

Next Post
NNPC to Boost Crude Oil Production to Two Million Barrels Per Day

NNPC to Boost Crude Oil Production to Two Million Barrels Per Day

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • Dangote Refinery Reduces Petrol Price Below Official Rate
  • SMEDAN Licenses Business Development Service Providers to Boost MSMEs Across Nigeria
  • New Climate-Smart Initiative to Empower 25,000 Farmers in Nigeria’s Grain Sector
  • NECA, Stakeholders Push for Enabling Environment and Rights-Based Support to Strengthen MSMEs
  • TeKnowledge Launches AI-First Services and Cybersecurity Solutions to Drive Nigeria’s Digital Transformation

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2024
  • Otabor Osayomore Blessing on Ultimate 2024 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.