Audio By Carbonatix
The Nigerian government has approved the disbursement of 5bn naira ($6.5m; £5.1m) to each of the country’s 36 states and the federal capital for the procurement of food items for the poor.
It will also distribute bags of rice, maize and fertiliser, Governor Babagana Zulum of the north-western Borno state told the media after a National Economic Council meeting at the presidential villa in the capital, Abuja.
The move comes as part of palliative measures to address the rising cost of food and other commodity prices, a fallout from the fuel subsidy removal by the government.
Nigerians are facing a high cost of living, including transportation costs caused by more than a 200% rise in fuel prices after President Bola Tinubu removed fuel subsidies when he took over power in May.
Food prices have also more than doubled as a result, with the president declaring a state of emergency over food insecurity last month.
Last month, he announced several economic measures aimed at improving food security, supporting small businesses, bolstering manufacturing and easing transportation costs across the country.
He said the removal of subsidies yielded results by helping the government save over 1tn naira ($1.2bn).
Latest Stories
-
Trump Media reports $238m loss as crypto falls
9 minutes -
“I’m not sure” – K.T Hammond unsure if OSP has questioned Kwabena Donkor over Berko bribery case
4 hours -
Istanbul trip was standard due diligence for Aksa power deal – K.T. Hammond
4 hours -
Kwabena Donkor never met Asante Berko, demanded or received money – K.T. Hammond
4 hours -
Canada flight cancelled after child refuses to wear seat belt
4 hours -
$1m bribery scheme: ‘I’m not so instructed’ – Lawyer on whether OSP has contacted Kwabena Donkor
4 hours -
Kwabena Donkor can’t be held liable for Asante Berko’s alleged corruption – KT Hammond
4 hours -
Ghana’s refining capacity yet to shield fuel market from global shocks – CEMSE
5 hours -
New train service connects Finland and Sweden for first time in decades
5 hours -
Tonto Dikeh unveils new ministry
5 hours -
Honey, they’ve shrunk our Mars Bars
5 hours -
Ho Teaching Hospital Board urges government to operationalise Korean Exim Bank loan
5 hours -
AKSA Energy case: Emails, names of recipients key to proving Ghanaian officials’ involvement – Kpebu
5 hours -
Luv FM Kel-Charcoal Debate kicks off with thrilling wins for Wesley Girls and CHRISSEC
6 hours -
No Roof, no future: Ghana’s rent crisis is turning survival into a luxury
6 hours