The federal government has given the green light for the allocation of N180 billion to the 36 states and the Federal Capital Territory (FCT) to procure grains for distribution to their residents. The aim of this initiative is to mitigate the impact of the subsidy removal policy on the cost of living in these states.
During the National Executive Council (NEC) meeting held at the Presidential Villa in Abuja, Governor Babagana Zulum of Borno State shared this information. He emphasized that while the subsidy removal policy is being implemented, the government is also actively working on more sustainable solutions to address the high cost of living.
Each state will receive N5 billion to purchase a variety of food items, including 100,000 bags of rice, maize, and beans. Additionally, five trucks of rice will be allocated to each state.
This move by the federal government is intended to provide temporary relief to the residents of these states. By procuring and distributing essential grains, the aim is to ensure that the people have access to basic food resources during this challenging period.
It is noteworthy that the subsidy removal policy has significantly impacted the prices of essential commodities across the country. This has led to a rise in the cost of living, making it difficult for many Nigerians to afford basic necessities.
The approval of N180 billion to procure grains for distribution demonstrates the government’s commitment to addressing the immediate needs of its citizens. By providing food assistance, the government hopes to alleviate the burden faced by many households.
While this initiative is a step in the right direction, it is essential for the government to continue developing sustainable interventions that will have a long-term positive impact on the lives of Nigerians. By implementing comprehensive strategies to improve the agricultural sector and promote food security, the government can ensure that the nation is better prepared to withstand similar challenges in the future.
In conclusion, the approval of N180 billion to purchase grains for distribution to residents is a commendable step taken by the federal government to provide temporary relief amidst the subsidy removal policy. It is crucial for the government to remain committed to implementing sustainable measures that will address the root causes of the high cost of living and promote the well-being of all Nigerians.
