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July 30, 2024 Federal Government to Sell 50kg Rice at ₦40,000 – Minister Announces

The Federal Government has urged calm regarding the proposed nationwide protest, announcing the creation of centers across the country where Nigerians can purchase a 50kg bag of rice for ₦40,000. This information was disclosed by the Minister of Information and National Orientation, Mohammed Idris, during a briefing on the outcome of the Federal Executive Council meeting, presided over by President Bola Tinubu at the State House, Abuja, on Monday.

Idris stated that this initiative is part of the Tinubu administration's efforts to alleviate living conditions for citizens. He argued that the nationwide protests are unnecessary since the president is already addressing the concerns of the protest organizers.

"The FEC believes that most of the protesters' demands are being addressed by the Federal Government, making the protests redundant. This is a listening government, and the President has heard the voices of those planning this protest. There is no need for it as the President is already acting on their behalf," Idris said.

He highlighted recent efforts by the FG, such as distributing 740 trucks of grains to states and announcing that 50kg bags of rice can now be purchased for ₦40,000 at designated centers nationwide.

"For instance, at the last Council meeting, we announced that 20 trucks had been given to each state governor for distribution to those in need, particularly the poorest in society. Additionally, rice is being sold at about 50% of its cost. This rice is available at various centers across all states for ₦40,000 per bag. Initially, about 10 trucks have been provided to each state, and this is just the beginning. The government acknowledges that these supplies may not be enough, but they are essential first steps, with more interventions to come," Idris explained.

He also mentioned that the FG expects food prices to decrease with the onset of the rainy season, as investments are being made in traditional agriculture and irrigation activities.

Furthermore, Idris cited the student loan scheme and the expected disbursement of CNG kits as additional efforts to ease the cost of living. However, he noted that logistical challenges have delayed the rollout of CNG buses.

"Some of these buses have already been imported, and conversion kits are becoming available. Conversion centers are starting to get active. The delays are due to the procurement processes and the time required to order these items. As we transition from fossil fuels to renewables, we anticipate a reduction of over 60% in transportation costs," he elaborated.

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