President Allocated N9.74Billion Supplying Rice, Beans to Nigerian Cities in 2024
According to sources, the allocation is part of the federal government's efforts to reduce the cost of living and ensure that Nigerians have access to affordable and nutritious food. The funds will be used to purchase and distribute large quantities of rice and beans to major cities, including Lagos, Abuja, Kano, and Port Harcourt.
The allocation has been welcomed by many Nigerians, who have been struggling to afford basic food items due to rising inflation and economic hardship. "This is a welcome development," said Mrs. Nkechi Okoro, a resident of Lagos. "The cost of food has been skyrocketing, and many people are finding it difficult to afford even the basics. I hope this allocation will help reduce the prices of rice and beans and make them more accessible to ordinary Nigerians."
The prices of rice and beans in Nigeria have been a major concern for many citizens, with a 50kg bag of rice currently selling for between ₦35,000 to ₦45,000, and a 50kg bag of beans selling for between ₦30,000 to ₦38,000. The allocation is expected to help reduce these prices and make the commodities more affordable for Nigerians.
The federal government has also announced plans to work with state governments and other stakeholders to ensure that the allocation is used effectively and efficiently. "We are committed to ensuring that this allocation is used to benefit the majority of Nigerians," said a spokesperson for the federal government. "We will work closely with state governments and other stakeholders to ensure that the rice and beans are distributed fairly and reach those who need them most."
The allocation has also been praised by agricultural experts, who believe that it will help to boost the country's agricultural sector and reduce dependence on imported food items. "This allocation is a step in the right direction," said Dr. Tunji Oladipo, an agricultural expert. "It will help to boost local production and reduce our reliance on imported food items. It will also help to create jobs and stimulate economic growth in the agricultural sector."
However, some critics have expressed concerns about the allocation, arguing that it may not be enough to address the country's food security challenges. "While the allocation is a welcome development, it may not be enough to address the scale of the problem," said Mr. Emmanuel Onyema, a food security expert. "The government needs to do more to address the root causes of food insecurity, including poverty, lack of infrastructure, and inadequate agricultural production."
Despite these concerns, the allocation is seen as a positive step towards addressing the country's food security challenges. As the federal government works to implement the allocation, Nigerians will be watching with keen interest to see how it will impact the prices of rice and beans and the overall food security situation in the country.
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