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Tinubu Exhausted N9.74bn Supplying Rice, Beans Palliatives To Nigerians In 2024 – Report
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By Kayode Sanni-Arewa
The President Bola Tinubu-led Nigerian government reportedly spent a total of N9.74billion for the procurement and distribution of food items as part of its efforts to mitigate the nationwide food crisis in 2024.
This was revealed by BudgIT on its platform, GovSpend, a civic-tech organisation advocating for transparency and accountability.
According to the report, a large portion of the funds was dedicated to supplying essential food staples such as rice, beans, maize, and other commodities.
The report showed that the Federal Ministry of Agriculture and Food Security led the initiatives, making multiple payments to contractors responsible for the emergency supply of palliative foodstuffs to various federal constituencies.
Key transactions included payments for the delivery of rice, beans, and garri to help alleviate hunger in vulnerable communities.
Payments, averaging around N85.45 million per constituency, were made between February and November 2024 across different regions.
Data from the platform reportedly indicate that N85,454,545.46 was spent on each constituency in states including Kano, Ogun, Osun, Akwa Ibom, Cross River, Adamawa, Kaduna, Jigawa, Ekiti, Oyo, Lagos, Bauchi, Rivers, Borno, Sokoto, and Enugu, bringing the total expenditure to N9.74 billion.
However, despite the significant financial outlay, there are concerns about the programme’s effectiveness in addressing the root causes of food insecurity.
Shedrach Israel, an economist at Lotus Beta Analytics, argued that food palliatives alone cannot solve Nigeria’s food crisis, according to PUNCH.
“While food palliatives are essential for addressing immediate hunger, they fail to address the underlying systemic issues, such as inflation and the deficiencies in the agricultural sector,” Israel said.
Israel added, “We need long-term economic policies focused on boosting local agricultural productivity and improving distribution networks to reduce dependence on external food aid.”
Israel further said that the N9.74 billion spent on palliatives could have been better invested in agricultural innovation and infrastructure development, which would provide sustainable solutions to food insecurity.
Also, La’ah Dauda, an agricultural economist based in Kaduna, emphasised the need for a more comprehensive approach to addressing the food crisis.
“The government’s reliance on palliatives is a short-term fix to a deeper agricultural crisis. While necessary, these measures do not tackle critical issues like inadequate irrigation, poor storage facilities, and limited market access, all of which continue to impede agricultural productivity across the country,” he said.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has retained the Monetary Policy Rate (MPR), the country’s benchmark interest rate, at 26.5 percent.
The decision was announced at the end of the 306th meeting of the MPC, held in Abuja on July 20 and 21, 2026.
All 11 members of the committee attended the two-day meeting, where they reviewed recent domestic and global economic developments before deciding to leave the benchmark lending rate unchanged.
The decision means the CBN has maintained its tight monetary policy stance amid efforts to sustain the moderation in inflation, stabilise the foreign exchange market and consolidate recent macroeconomic gains.
Details shortly…
Adamawa State Governor Ahmadu Umaru Fintiri has approved a new minimum monthly pension of ₦50,000 for retired civil servants in the state.Government
The new payment will begin next month and means no pensioner will receive less than the approved amount.
The governor announced the decision during his appearance on a live entertainment programme, Taba Kidi Taba Karatu, aired by the Adamawa Broadcasting Corporation (ABC) in Yola at the weekend.
Fintiri said it was unfair for some retired workers to survive on monthly pensions below ₦10,000 after spending many years serving the state.
He said the increase was introduced to give retired civil servants better living conditions and allow them to enjoy life after leaving public service.
He explained that his administration has continued to improve the welfare of workers by paying salaries on time, approving promotions, employing qualified workers and improving pension payments.
According to him, the new pension package is another step in fulfilling promises made to the people of Adamawa.
The governor also assured residents that all projects started by his administration would be completed before the end of his tenure.
He listed some of the projects to include the International Conference Hall, a modern shopping complex, the NYSC Orientation Camp, the Mother and Child Hospital, road projects, school facilities and other public investments across the state.
By Gloria Ikibah
Al-Ittihad forward, George Ilenikhena has won praise after presenting a brand new car to renowned cleric, Apostle Okechukwu Etiaka, in appreciation of the spiritual guidance, encouragement and support he received before rising to international football.
The thoughtful gesture was warmly received by members of the church and well-wishers, who described it as a powerful reminder of the importance of remembering those who played a role in one’s success.
The presentation was an emotional moment as Apostle Etiaka received the vehicle with gratitude, while family members, church members and supporters celebrated the footballer’s act of generosity and offered prayers for his continued success on and off the pitch.
Beyond the gift itself, Ilenikhena’s action has been widely viewed as an example of humility and gratitude, showing that success is not only measured by achievements on the field but also by the willingness to acknowledge those who helped make the journey possible.
The gesture has also drawn attention to the positive influence athletes can have within society. By recognising a mentor who stood by him before his breakthrough, the young footballer has reinforced the values of appreciation, loyalty and giving back to the community.
For many observers, the moment serves as a reminder that football is more than goals and trophies. It also provides a platform for players to inspire others through acts of kindness, encourage young people to value mentorship, and demonstrate that true success includes lifting others and honouring those who made the journey possible.
See Black Market Dollar To Naira Exchange Rate Today 21st July 2026
Breaking: CBN retains interest rate at 26.5%
Good news: State governor increases minimum pension for retirees
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