Categories: Economy

Federal Government to Distribute 42,000MT of Grains to Poor Nigerians at No Cost

The Federal Government of Nigeria has unveiled plans to distribute 42,000 metric tonnes (MT) of grains to impoverished Nigerians at no cost.

This announcement came in response to the increasing challenges posed by rising inflation and currency devaluation, which have significantly impacted the livelihoods of Nigerians across the country.

The grains, approved by President Bola Tinubu, will be distributed free of charge to individuals identified as being in need.

The distribution process will be overseen by the Department of State Services (DSS) and the National Emergency Management Agency (NEMA) to ensure that the commodities reach the intended recipients nationwide.

Abubakar Kyari, the Minister of Agriculture and Food Security, highlighted the government’s commitment to transparency and accountability in the distribution process.

He assured the public that measures would be put in place to prevent any misuse or misallocation of the grains, stating that only those genuinely in need would benefit from the initiative.

Meanwhile, Ogun State Governor Dapo Abiodun announced additional intervention plans totaling over N5 billion aimed at providing relief to residents grappling with economic hardships.

These plans encompass various sectors, including education, health, and welfare, with initiatives such as educational grants, health insurance coverage, and free distribution of food items to vulnerable households.

The government’s proactive steps underscore its dedication to mitigating the adverse effects of economic challenges on the populace and ensuring the well-being of all citizens during these trying times.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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