Nigerians Ask Questions as FG Begins Sale of Bag of Rice for N40,000, Sets Conditions

Nigerians Ask Questions as FG Begins Sale of Bag of Rice for N40,000, Sets Conditions

  • The federal government has announced plans to begin the sale of locally produced rice at N40,000 per 50kg bag,
  • The ministry of Agriculture championing the initiative said eligibility conditions include National Identification Number (NIN)
  • Excited Nigerians are asking questions on where and when the sale will begin as no date or locate was given

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The federal government has announced that it has begun the sale of locally produced rice at a subsidized price of N40,000 per 50kg bag.

The announcement was met with a mix of relief and questions among Nigerians grappling with soaring food prices

Bag of rice at N40,000
Nigeria govt launches rice for N40,000 no location to buy Photo credit: FMAFS
Source: Getty Images

In a statement released by the Federal Ministry of Agriculture and Food Security, the initiative aimed to ameliorate the prevailing food crisis in Nigeria.

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Sen. Abubakar Kyari, the minister for Agriculture who flagged off the initiative added it will help ensure Nigerian citizens to go to bed hungry.

The Minister noted that the present challenges are not peculiar to Nigeria alone, adding that the food intervention was timely considering the times and challenges we are in as citizens of this great nation.

Conditions and concerns

He also revealed that to be eligible, buyers are required to present valid identification, including a National Identification Number (NIN).

Additionally, a maximum of one bag per individual will be enforced to ensure equitable distribution.

His words:

"One man and one 50kg of rice, others are the verification of intending beneficiaries using relevant identification mediums such as the National Identification Number (NIN) and phone numbers to forestall multiple access to the food commodity by fraudulent individuals at the detriment of other citizens”.

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Where can we buy? Nigerians ask

However, during his address, the minister failed to provide locations or details on how the rice can be purchased.

This has marred the excitement that greeted the announcement

Kunle Adejomo, a civil servant in Lagos told Legit.ng he is yet to find where the N40,000 bag of rice is begin sold.

"My son and I bought local rice at N84,000 per 50kg bag in the market, I don't know where this so called bag of rice is being sold.

Kabiru Saje @kabirusaje also said:

"Please I want to buy in Kano or Kaduna where will I get one bag?"

In response to questions, @woye1 wrote:

"FG not Tinubu has commenced the sales of 50kg bag of rice at N40,000 to civil and public servants.
"The Second phase would be for the general public. That would be announced very soon ooo."

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Read more on rice here:

“Between N40k and N45k: Jubilation as Nigerian govt crashes price of rice

Tinubu’s minister accuses Obaseki of repackaging

Kogi’s 20 trucks of rice stirs controversy

Earlier, Legit.ng reported that PDP chieftain Comrade Usman Okai Austin made a strong demand amid growing concerns over Kogi Governor Usman Ododo's silence on the 20 trucks of rice received from the federal government.

Speaking with the press on Friday, Okai demanded that the Kogi government account for the rice and ensure a fair distribution exercise to the people of the state.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

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Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.