• About Us
  • Contact Us
  • Privacy & Policy
Sunday, June 29, 2025
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
Advertisement
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
  • National
  • Politics
  • Economy
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Columns
No Result
View All Result
Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history
No Result
View All Result

Government Rolls Out Subsidised Rice in Major States to Combat Food Crisis

Vincent Amadi by Vincent Amadi
October 2, 2024
in Economy
Reading Time: 5 mins read
A A
0
Government Rolls Out Subsidised Rice in Major States to Combat Food Crisis
Share on FacebookShare on TwitterShare on WhatsappShare on EmailShare on Telegram


The Federal Government of Nigeria is broadening its subsidised rice programme in an effort to combat the country’s food insecurity crisis. According to an official from the Federal Ministry of Agriculture and Food Security, who spoke confidentially on Monday, sales of the subsidised rice are set to begin in Lagos, Kano, and Borno states.

This expansion follows the initial launch of the programme in Abuja earlier in September, under the leadership of the Minister of Agriculture and Food Security, Abubakar Kyari.
During the launch in Abuja, Minister Kyari revealed that the programme was an integral part of the government’s larger strategy aimed at ensuring that no Nigerian goes to bed hungry. As food prices continue to soar across the nation, the programme’s key objective is to provide affordable rice to Nigerian citizens.

The Federal Government has set the price of the 50kg bag of rice at a heavily subsidised rate of N40,000. This is significantly lower than the current market price, which hovers around N90,000, and in some places, the price has approached N100,000 for a similar quantity.
The subsidised rice initiative is set to deliver 30,000 metric tonnes of rice to the market. This volume translates to approximately 1,000 trucks, each carrying 600 bags of rice. The initiative aims to flood the market with affordable rice, helping to relieve pressure on citizens who have been hit hard by the surging prices of basic food items.
“As I speak with you now, we are going to activate Lagos and Kano states for the sales any moment from now. Borno State is also going to be addressed,” stated the anonymous official from the agriculture ministry. The official expressed confidence that the programme would roll out in these key states in the immediate future.
Despite the positive reception of the subsidised rice programme, there have been concerns about the distribution process in Abuja. Some reports suggested that sales had been halted in the Federal Capital Territory.

However, the agriculture ministry official refuted these claims, insisting that the sales were still ongoing. “We have not even gone anywhere; how can we stop? The sales are ongoing, and we are actively engaging with other states,” the official clarified, stressing that the programme was in full swing and that further sales would expand to other regions of the country.
Another official from the ministry commented on the progress made within Abuja. According to this source, civil servants, particularly those working in and around federal ministries, have been some of the main beneficiaries of subsidised rice sales.

However, there have been challenges in the coordination of the programme at the National Agricultural Insurance Corporation (NAIC) centre, where the rice was being sold to the public. “We opened the NAIC centre to see the cooperation of the public, but they proved very difficult to control,” the official explained, noting that some individuals were not following the proper protocols for purchasing the rice.
This lack of public cooperation, compounded by attempts from certain individuals to sabotage the process, has complicated the programme’s rollout.

The official noted that some people were buying the subsidised rice in large quantities with the intent of reselling it at market prices, thereby undermining the purpose of the subsidy. “Some persons came to sabotage the process to buy and take to the market, which frustrates the essence of the rice subsidy,” the official added.
Despite these hurdles, the ministry remains committed to the success of the programme. The official expressed optimism about the long-term impact of the initiative, stating, “We are focused on ensuring that low-income earners, who are the direct beneficiaries, can access this vital resource.”

The government’s goal is to ensure that those who are most vulnerable and in need of assistance can access the subsidised rice, helping to alleviate food scarcity in the country.
The rollout of the subsidised rice programme in Lagos, Kano, and Borno states is part of the government’s broader strategy to tackle food insecurity and ensure that basic staples remain accessible and affordable for all Nigerians. The expansion of the programme is a response to the ongoing hunger crisis gripping the nation. With food prices continuing to rise, exacerbated by the weakening of the naira, many Nigerians are struggling to afford essential food items.
According to data from the National Bureau of Statistics (NBS), the food inflation rate in August 2024 reached a staggering 37.52% year-on-year. This figure represents a sharp increase of 8.18 percentage points from the 29.34% recorded in August 2023.

The rapid rise in food prices has been attributed to a combination of factors, including the depreciation of the naira, which has significantly reduced the purchasing power of ordinary Nigerians.
Further compounding the economic challenges is the state of the naira. On September 27, 2024, FMDQ Securities Exchange Limited reported that the NAFEM (Nigerian Autonomous Foreign Exchange Market) closing rate was N1,540.78/$, while in some black markets in Abuja, the dollar was being sold for over N1,700/$.
The government, however, is taking steps to address these economic challenges. At a press conference marking Nigeria’s 64th Independence Day celebrations, the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, outlined the government’s commitment to ending the country’s reliance on food imports.

He stressed that achieving food self-sufficiency is critical to Nigeria’s economic recovery. “We should not be importing food,” Edun declared, highlighting the importance of domestic food production. He further warned, “It is critical that we do not disrupt domestic food production. We mustn’t flood the market with imports,” positioning this shift as a cornerstone of the government’s economic recovery plan.
As the Federal Government continues to roll out its subsidised rice programme and strengthen domestic food production, it hopes to alleviate some of the pressure on Nigerian households, reduce hunger, and ensure that essential food items remain within reach for all citizens.

The expansion of the programme to Lagos, Kano, and Borno represents a significant step forward in the government’s efforts to combat food insecurity and stabilise the nation’s economy.

Vincent Amadi

Vincent Amadi

Related Posts

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

2 days ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

1 week ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

2 weeks ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

2 weeks ago

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

NATIONS NEWS

Comrade Babangida Declares for NYCN Presidency, Promises Sweeping Reforms and Youth Reawakening
National

Comrade Babangida Declares for NYCN Presidency, Promises Sweeping Reforms and Youth Reawakening

12 hours ago
Fubara, Wike, and Amaewhule in first public outing since presidential peace meeting
National

Fubara, Wike, and Amaewhule in first public outing since presidential peace meeting

18 hours ago
Prominent Kano businessman, grandfather to Dangote, Alhaji Aminu Dantata passes on at 94
National

Prominent Kano businessman, grandfather to Dangote, Alhaji Aminu Dantata passes on at 94

19 hours ago
Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

1 day ago
Breaking News: APC National Chairman Ganduje Resigns
National

Breaking News: APC National Chairman Ganduje Resigns

2 days ago
Tinubu Probes Wike for alleged allocation of 2,082 Hectares of Abuja Land to Son
National

Tinubu Probes Wike for alleged allocation of 2,082 Hectares of Abuja Land to Son

2 days ago

POLITICS

PDP Crisis Deepens as NWC Members Reject Anyanwu

PDP Crisis Deepens as NWC Members Reject Anyanwu

3 days ago
President Tinubu should Declare State of Emergency in Benue – Security expert Babaeko

2027 ELECTIONS: Tinubu Dismisses 2027 Coalition, Calls Opponents Political IDPs

3 days ago
INEC Receives 110 Applications from Associations Seeking Registration as Political Parties Ahead of 2027 Elections(see list)

INEC Receives 110 Applications from Associations Seeking Registration as Political Parties Ahead of 2027 Elections(see list)

3 days ago
PDP Crisis: PDP Confirms Samuel Anyanwu as National Secretary

PDP Crisis: PDP Confirms Samuel Anyanwu as National Secretary

4 days ago
Reno Omokri is a delusional liar, talks rubbish nonstop – Segun Showunmi

Reno Omokri is a delusional liar, talks rubbish nonstop – Segun Showunmi

5 days ago
SDP Suspends National Chairman Gabam Over Alleged ₦100M Fraud

SDP Suspends National Chairman Gabam Over Alleged ₦100M Fraud

5 days ago

YOUR ECONOMY

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion
Economy

Senate Threatens Arrest of NNPCL Boss over missing N210 Trillion

2 days ago
IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s
Economy

IPMAN: Dangote’s New Delivery Plan Will Bring Cheaper Fuel to Nigerians’s

1 week ago
Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments
Economy

Enforce Transparent Pump Pricing, oil marketers Cheating Nigerians, PENGASSAN laments

2 weeks ago
PETROAN kicks against Dangote’s petrol distribution strategy
Economy

PETROAN kicks against Dangote’s petrol distribution strategy

2 weeks ago
Dangote Refinery Begins Distribution of Petrol Nationwide
Economy

Dangote Refinery Begins Distribution of Petrol Nationwide

2 weeks ago
Nigeria Stock Exchange to Partner with Hong Kong’s Stock market
Economy

Nigeria Stock Exchange to Partner with Hong Kong’s Stock market

3 weeks ago

E & P

Breaking: Jhon Durán set to joins Fenerbahçe, leaving less than 7 months after joining Al Nassr
Sports

Breaking: Jhon Durán set to joins Fenerbahçe, leaving less than 7 months after joining Al Nassr

by Steven Atogi
19 hours ago
0

Colombian youngster and top tier striker, Jhon Durán is set to join Turkish Super Lig side Fenerbahçe for €10m. The...

Brighton FC signs Super Falcons goalkeeper Chiamaka Nnadozie

Brighton FC signs Super Falcons goalkeeper Chiamaka Nnadozie

19 hours ago
Breaking: NAPTIP declares Speed Darlington wanted

Breaking: NAPTIP declares Speed Darlington wanted

2 days ago
Cristiano Ronaldo Extends Al Nassr Contract, Commits to Saudi Pro League Project Until 2027

Cristiano Ronaldo Extends Al Nassr Contract, Commits to Saudi Pro League Project Until 2027

3 days ago
MultiChoice Slashes DStv Decoder Price by 50%

MultiChoice Slashes DStv Decoder Price by 50%

4 days ago
Favour Ofili Dumps Nigeria for Turkey After AFN’s Olympic Blunder

Favour Ofili Dumps Nigeria for Turkey After AFN’s Olympic Blunder

7 days ago

YOUR THOUGHT & HISTORY

Columns

Kidnapped, Silenced, Vindicated: The Full Impact of Kanu’s Judgment

by Odini Brains
1 day ago
The Emerging Kogi: Economic Growth Impact Transforming Better Reality
Columns

The Emerging Kogi: Economic Growth Impact Transforming Better Reality

by Kiikpoye Karibo
4 days ago
ON THE PUBLIC NUISANCE CALLED SOWORE
Opinion

ON THE PUBLIC NUISANCE CALLED SOWORE

by Kiikpoye Karibo
4 months ago
Data Visualizations
Columns

Five Key Considerations for Creating Effective Data Visualizations

by Blessing Chinyere Daniel
5 months ago
The Transformative Power of AI in Revolutionizing Industries and Empowering Growth
Columns

The Transformative Power of AI in Revolutionizing Industries and Empowering Growth

by Blessing Chinyere Daniel
6 months ago

Who we are

Umpirenews | Latest News, Politics, Breaking News, Nigeria and African history

Welcome to Umpire News, your go-to online newspaper dedicated to broadening perspectives and expanding the horizons of our numerous readers. Read more

Browse by Category

  • Columns
  • Economy
  • Editorial
  • Entertainment
  • International
  • National
  • News
  • Opinion
  • Politics
  • Sports
  • Trends

Recent News

Comrade Babangida Declares for NYCN Presidency, Promises Sweeping Reforms and Youth Reawakening

Comrade Babangida Declares for NYCN Presidency, Promises Sweeping Reforms and Youth Reawakening

June 28, 2025
Fubara, Wike, and Amaewhule in first public outing since presidential peace meeting

Fubara, Wike, and Amaewhule in first public outing since presidential peace meeting

June 28, 2025
  • About Us
  • Contact Us
  • Privacy & Policy

© 2024 Copyright Umpirenews. All rights reserved

No Result
View All Result
  • Home
  • National
  • Economy
  • Politics
  • Sports
  • Entertainment
  • Editorial
  • Opinion
  • Columns

© 2024 Copyright Umpirenews. All rights reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
🤑Join & Get Our Easter Gifts 🤑

Enter your NAME & Email NOW!!

Be among the 1st 100 lucky WINNERS to win our Amazing GIFTs this Easter Period as you READ our Daily hot NEWs & make meaningful comments and follow us on our social media handles.

Name
Enter your email address