FG Finally Commences Sale of 50kg Rice for N40,000, Gives Location to Buy

FG Finally Commences Sale of 50kg Rice for N40,000, Gives Location to Buy

  • The federal government is now selling 50 kilogrammes of rice in Abeokuta for N40,000
  • This is a part of the government's efforts to alleviate the economic difficulties that Nigerians have been facing
  • The governor of Ogun state, Dapo Abiodun, announced that more subsidised food will soon be sold as part of his administration's plans

Legit.ng journalist Zainab Iwayemi has over 3 years of experience covering the Economy, Technology, and Capital Market.

The federal government has started selling 50 kg of rice for N40,000 in Abeokuta, Ogun state capital.

FG finally commences sale of 50kg rice for ₦40,000
Ogun state governor claimed the food handout will help a number of organisations, including market women groups. Photo Credit: FG
Source: UGC

The sale is a component of the government's efforts to address the socioeconomic issues that have arisen after the Federal Government stopped subsidizing petroleum products.

At a ceremony held at the state capital's Arcade Ground to kick off the sale, the governor of Ogun state, Dapo Abiodun, said in a ChannelsTV report that his administration will shortly start implementing the sale of additional subsidised foodstuffs throughout the state's twenty local government regions.

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He added that food staples such as garri, rice, and beans would be offered at heavily subsidised costs and that the scheme's deployment throughout the state would help expand the initiative's reach.

“We will be selling food items like garri, rice, and beans at heavily subsidised prices,” he said.

Exercise to benefit many

The distribution, according to the governor, will benefit a variety of organisations, including market women, community development associations, organised businesses, artists, trade unions, non-governmental organisations, federal and state civil servants, and traditional and religious groups.

He gave the state's residents assurances that the National Security Adviser (NSA), the Ministry of Agriculture, and the Office of the Head of Service had created a well-organized template that would guarantee the commodity was distributed fairly and widely among the state's 20 local government units.

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The governor announced that the sale of subsidised rice in Abeokuta, which is in the Ogun Central senatorial district, will commence immediately, followed by those in Ilaro, which is in the Ogun West senatorial district, and Ijebu-Ode, which is in the Ogun East senatorial district.

To prevent crowding, Governor Abiodun asked the beneficiaries to uphold law and order at the various sales sites and adhere to the schedule provided by the committee. He also mentioned that more sales points would be formed.

Reacting to the development, Onyinye Akpan said,

"This distribution ought to be monitored to ensure it reaches those it should reach. If this does not benefit the poor masses, then it i of no use."

Nigerians groan over access to FG’s N40k rice

Legit.ng reported that Nigerians in the Federal Capital Territory (FCT) were struggling to locate the sales points for the N40,000 subsidised rice that the federal government officially launched recently.

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Tinubu’s govt commences sale of 50kg rice for ₦40, 000

Legit.ng recalled that the minister of agriculture and food security, Senator Abubakar Kyari, flagged off the sale of 30,000 metric tonnes of milled rice at a subsidised rate of N40,000 per 50kg bag in Abuja on September 5, 2024.

Speaking at the launch, Kyari revealed that the initiative was driven by President Bola Ahmed Tinubu's commitment to ensuring that “Nigerians do not go to bed hungry.”

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

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Authors:
Zainab Iwayemi avatar

Zainab Iwayemi (Business Editor) Zainab Iwayemi is a business journalist with over 5 years experience reporting activities in the stock market, tech, insurance, banking, and oil and gas sectors. She holds a Bachelor of Science (B.sc) degree in Sociology from the University of Ilorin, Kwara State. Before Legit.ng, she worked as a financial analyst at Nairametrics where she was rewarded for outstanding performance. She can be reached via zainab.iwayemi@corp.legit.ng