Federal Government Announces N155 Billion for Provision of Foodstuffs and Distribution to Nigerians

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In a significant move to address the pressing economic challenges facing Nigeria, President Bola Tinubu has approved the immediate rollout of national construction and household support programs. This initiative, aimed at alleviating the burden on Nigerians, includes a substantial budget of N155 billion dedicated to the provision of assorted foodstuffs for nationwide distribution.


The comprehensive support program includes several critical interventions:

A notable N10 billion one-off support has been allocated to the states and the Federal Capital Territory (FCT), Abuja. This fund is intended for the procurement of buses and to support the Compressed Natural Gas (CNG) uplift program, aimed at enhancing public transportation and reducing fuel dependency.


President Tinubu’s administration has also announced a N50,000 uplift grant to be provided to 100,000 families per state over a three-month period. This initiative is designed to directly support households, helping them manage the rising cost of living.


Recognizing the essential role of labour unions and civil society organizations in advocating for citizens’ rights, the government has included targeted support for these groups in the rollout.


The centerpiece of this intervention is the N155 billion earmarked for the provision of assorted foodstuffs. This measure aims to ensure that essential food supplies are distributed across the nation, mitigating the effects of food scarcity and inflation on the most vulnerable populations.


President Tinubu has urged state governors to work collaboratively to meet the diverse needs of their citizens. Emphasizing the importance of time, he stated, “Our states must work together to deliver critical reforms required to meet our needs as a people. Time is humanity's best treasure; you can never have enough of it. It’s getting late.”


In addition to immediate household and transport support, the President assured governors of federal backing for agricultural processes, including the provision of solar-powered irrigation systems. This move is expected to enhance agricultural productivity and sustainability.


Significant infrastructure projects have also been prioritized under this initiative:

- Sokoto-Badagry Highway: This crucial highway will traverse several states, including Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos, improving connectivity and economic activities.

- Port Harcourt-Maiduguri Railway: Funding has been approved for this railway project, which will connect Rivers, Abia, Enugu, Benue, Nasarawa, Plateau, Bauchi, Gombe, Yobe, and Borno states.

- Ibadan-Abuja Segment of the Lagos-Kano Standard Gauge Railway: This segment, traversing Lagos, Ogun, Oyo, Osun, Kwara, Niger, Abuja, Kaduna, and Kano, will enhance national rail connectivity.

The announced measures are expected to have significant economic implications:

- Immediate Relief: Direct financial support and food distribution will provide immediate relief to households, helping to stabilize living conditions.

- Enhanced Mobility: Improved public transportation and infrastructure will facilitate smoother movement of goods and people, boosting economic activities.

- Agricultural Boost: Support for agricultural processes, including solar-powered irrigation, will likely enhance food production, contributing to food security.


Comments

  1. AnonymousJune 27, 2024 at 9:33 PM

    This one that will only to the household of politicians and not ordinary people

    ReplyDelete

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