• Contact Us
  • About Us
Wednesday, March 11, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

Tinubu Orders Immediate Release Of 102,000 Metric Tones Of Rice, Maize To Nigerians To Cushion Hardship

metro by metro
February 8, 2024
in News
0
Tinubu Secures Multi-Billion Dollar Funding From Islamic IDB, Says Spokesperson
0
SHARES
0
VIEWS

 

 

Read Also

Rising Fuel Prices Challenge CBN’s Inflation Control, Revives Hardship Fears

Iranian Body To Choose Next Supreme Leader Within 24 Hours — Report

Netanyahu Vows To Carry On War, ‘Eradicate Iranian Regime’

President Bola Ahmed Tinubu has ordered the immediate release of more than 102,000 metric tons of various grain types from the National Food Reserve and the Rice Millers Association of Nigeria.

The order is said to be a temporary response by the governemtn to the nation’s growing food crisis and the rising cost of commodities.

Mohammed Idris, Minister of Information and National Orientation, stated this while fielding questions from State House Reporters, shortly after the meeting of the Presidential Committee on Food Emergency which held at the Presidential Villa, Abuja on Thursday.

He said the President has directed that food will be made available, whatever it will take”

The decision came after series of deliberation by the committee, in reaction to the protests by Nigerians over high cost of food and other economic challenges.

Idris said, “The first one is that the Ministry of Agriculture and Food Security has been directed to release about 42,000 metric tons of maize, millet, garri, and other commodities in their strategic reserve so that these items will be made available to Nigerians; 42,000 metric tons immediately.

“The second one is that we have held meetings with the Rice Millers Association of Nigeria. Those who are responsible for producing this rice and we have asked them to open up their stores.

“They’ve told us that they can guarantee about 60,000 metric tons of rice. This will be made available and we know that that is enough to take Nigerians the next one month to six weeks, perhaps up to two months.”

ALSO READ:January Was World’s  Warmest On Record, EU Scientists Say

The minister revealed that the administration will resort to importing to augment any shortages observed after the release of the food items.

“Now, the third item is that government is also looking at the possibility, if it becomes absolutely necessary, as an interim measure in the short run to also import some of these commodities,” he revealed

The minister who declined to mention specifics affirmed the FG’s readiness to take punitive measures against those he called food hoarders.

Previous Post

Emerging financial services opportunities for African telcos

Next Post

CBN Moves To Sanitise Foreign Exchange Market, Removes Cap On Interbank Transactions

Related Posts

FTS: Disquiet In Banking, Manufacturing Sectors Over Recapitalisation, Interest Rates
News

Rising Fuel Prices Challenge CBN’s Inflation Control, Revives Hardship Fears

March 10, 2026
Iranian Body To Choose Next Supreme Leader Within 24 Hours — Report
News

Iranian Body To Choose Next Supreme Leader Within 24 Hours — Report

March 7, 2026
Netanyahu Vows To Carry On War, ‘Eradicate Iranian Regime’
News

Netanyahu Vows To Carry On War, ‘Eradicate Iranian Regime’

March 7, 2026
Nigerians Overstaying Visa Risk Serious Sanctions, US Warns, Says “No Honest Mistakes”
News

Trump Receives Remains Of US Troops Killed In Iran War

March 7, 2026
Next Post
Uneasy Calm In Banking Industry Over FG Special Investigator’s Report

CBN Moves To Sanitise Foreign Exchange Market, Removes Cap On Interbank Transactions

Tinubu Swears-In Ministers Amid Slow Growth, Insecurity, Low Morale, Among Other Concerns

Late‑stage GAMCO Rollout Confirms Doubts Over Uninterrupted Power Pledge-Stakeholders

March 10, 2026

WHO supports Burundi to deliver lifesaving emergency health assistance

March 10, 2026
Nigeria Signs South Korea’s Daewoo To Fix Kaduna Refinery

Oil Falls As Trump Predicts Middle East De-escalation 

March 10, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version