Home News FG Launches ₦40,000/50kg Rice, Sets NIN as Requirement Despite Growing Hunger
News

FG Launches ₦40,000/50kg Rice, Sets NIN as Requirement Despite Growing Hunger

2.1k

The Federal Government has mandated that only public servants with a valid National Identification Number (NIN) can purchase the 50kg bags of rice at a subsidised price of ₦40,000.

Minister of Agriculture and Food Security Abubakar Kyari announced the requirement during the launch of the FG’s sale of 30,000 metric tonnes of milled rice.

“Intending beneficiaries would be verified using relevant identification mediums such as the National Identification Number (NIN) and phone numbers to forestall multiple accesses to the commodity by fraudulent individuals,” Kyari stated.

The sale will be strictly regulated, allowing only one bag per person to avoid racketeering. Buyers must present their NIN and phone number or be registered under the Integrated Payroll and Personnel Information System (IPPIS) to qualify for the purchase.

This minister blamed localised factors and global challenges such as climate change, COVID-19 and the Russia-Ukraine conflict for rising food prices in Nigeria. West Africa Weekly notes that this expectation may be overly optimistic given the current economic context in Nigeria. The ongoing high inflation rate, about 33.4 per cent, poses a considerable challenge to sustaining lower prices.

Read More:

About The Author

Related Articles

NewsSportsWorld

NFF to Announce New Super Falcons Coach on Tuesday as Team Looks to Rebuild After World Cup Miss

The Nigeria Football Federation and the National Sports Commission are set to...

News

I Can Fix Nigeria, My Anambra Record Speaks – Peter Obi Replies Datti

Peter Obi, presidential candidate of the Nigeria Democratic Congress (NDC) for the...

NewsWorld

Tanzania’s First Gentleman Hafidh Ameir Hassan Dies at 76

Hafidh Ameir Hassan, the husband of Tanzanian President Samia Suluhu Hassan, has...

FinanceNews

BudgIT Exposes N6.93 Trillion in Questionable Projects Inserted Into Nigeria’s 2026 Budget

A comprehensive analysis by BudgIT, a civic technology organisation promoting transparency in...