Rising Food Prices: FG Okays N185bn For States, FCT To Buy Grains

He noted that each of the 36 states and the FCT would get N5 billion, part of which they are expected to pay back to the Federal Government.

Furthermore, in order to cushion the effect of food shortages across the country, the federal government has approved the sum of N5 billion to be given to each state for the procurement of 100,000 bags of rice, 40,000 bags of maize, and fertilizers. “Council has also taken note of the $800 million loan and insisted that it be strictly used for the intended purpose and based on accurate and acceptable register. The $800 million announced by the president will go to Nigerians in accordance with an accurate social register.

The Borno governor equally disclosed that approval had been given to NEMA to commence distribution of food items in the seven states bordering Niger Republic in order to cater for the huge number of refugees flocking into Nigeria. “The Council has also tasked the states to dialogue with the labour unions leadership. A committee made up of Anambra State governor, the NGF chairman, and others have been nominated to interface with labour.

NEC also adopted a resolution for the state and federal governments to step up efforts to contain the issues of flooding in the country. “There is a need to strengthen NEMA as a structure and sustainable adaptation measures for the citizens. In mobilizing resources to them the tide of flooding, there is a need to look beyond NEMA.

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