News
FG set condition for Nigerian benefiaries of ₦40,000 rice
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/07/Screenshot_20240728-094317.png&description=FG set condition for Nigerian benefiaries of ₦40,000 rice', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/07/Screenshot_20240728-094317.png&description=FG set condition for Nigerian benefiaries of ₦40,000 rice', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
**Says, only Nigerians with NIN can buy
By Francesca Hangeior
The Federal Government has said only those with duly registered National Identification Numbers (NIN) will be allowed to purchase as it flags off the sale of 30,000 metric tonnes of milled rice.
President Bola Tinubu, who was represented at the flag off by the Minister of Agriculture and Food Security Abubakar Kyari, said the move was to curb racketeering and crash the prices of food in Nigerian markets.
Kyari noted that the intervention will be sold strictly “one man to one bag or one woman to one bag”
He said the rice — which is to be sold at a flat rate of ₦40,000 naira only for 50kg — is the Federal Government intervention for the sales of subsidised milled rice to ameliorate the prevailing food crises in Nigeria.
“This food intervention can be said to be timely considering the times and challenges we are in as citizens of this great nation.
“As one of the numerous efforts of the present administration to cushion the effect of high cost of food commodities, kindly join me to applaud the immense efforts of the present administration such as the release of 42,000MT of Assorted Food Commodities (AFC) to vulnerable and the 30,000MT of milled rice which is being flagged-off for sales to Nigerians today 5th September, 2024.”
The Minister blamed COVID-19, the Russia-Ukraine war, climate change amidst other localised factors/challenges for the high cost of food prices.
“This has led to increased concern and risk of food insecurity and general decline in the standard of living globally. I therefore urge us to understand that the present challenges are not peculiar to our great country,” he said.
He added that the Federal Government being aware of the potential challenges associated with the sales of an important staple such as rice, at this critical period has deployed a multi-disciplinary machinery of Government, as well put in place certain processes and conditions to ensure the transparency, wider reach and success of this exercise.
“This includes one man one 50kg of rice, others are the verification of intending beneficiaries using relevant identification mediums such as the National Identification Number (NIN) and phone numbers to forestall multiple access to this food commodity by fraudulent individuals at the detriment of other citizens,” he said.
He implored citizens to cooperate with the relevant citizens to achieve the initiative.
“Let us work together to ensure that the dream of the present administration to uphold the fundamental right to food for all Nigerians is achieved. It is expected that with the injection of 30,000MT (1000 trucks of 30MT each of these important staples into Nigeria’s food balance sheet, it will not only crash the price of rice but also other closer food substitutes and alternatives.”
He called on Nigerians to remain steadfast and be patient with Mr. President as his numerous efforts to enhance Food security will soon begin to pay off.
The director, food and strategic reserve of the ministry, Haruna Sule Abutu outlined the procedure to buy the subsidised rice.
“To qualify for the one person one bag, you must have National Identification Number, of course you have phone numbers and those in public service are all registered under the Integrated Payroll and Personal Information System (IPPIS) platform.
“Once you have any of these three, at the point of sale, with the NIN logged into the system, a code number and a Treasury receipt will be generated, and with that the buyer can get to the collection center and pick up his bag. The receipt will indicate time and point of collection to eliminate stampede.”
News
Tinubu defends FCTA’s TSA exit, says policy fast-tracked Abuja projects
President Bola Tinubu on Monday defended his administration’s decision to remove the Federal Capital Territory Administration from the Treasury Single Account, saying the policy has provided the financial flexibility needed to accelerate infrastructure development across Abuja.
The President also dismissed claims that the executive was interfering in the affairs of the judiciary through the provision of infrastructure, insisting that supporting the justice sector is a constitutional responsibility of government.
Tinubu spoke while inaugurating the new Office Annex of the Body of Benchers and 10 units of four-bedroom staff quarters at the Nigerian Law School in Bwari, Abuja.
He was represented at both events by the Secretary to the Government of the Federation, Dr George Akume.
Speaking on the decision to exempt the FCTA from the TSA, Tinubu said the move had enabled the administration to execute projects more efficiently by eliminating bureaucratic bottlenecks.
He said, “When we pulled the FCT Administration out of the Treasury Single Account, there were sceptics. There were those who questioned the wisdom of that financial liberation.
“But we did it because we knew that local administration must have the liquidity, the speed and the corporate flexibility to interface with financial institutions and deliver critical projects without bureaucratic strangulation. Today, the results are glaring.”
Tinubu said the visible transformation in the Federal Capital Territory had justified the policy, crediting the Minister of the Federal Capital Territory, Nyesom Wike, for delivering on the administration’s development agenda.
“When I appointed Minister Wike, I gave him a clear mandate to transform Abuja into a modern, functional and world-class capital city.
“Over the last three years, the scale of infrastructural development, urban renewal and project delivery in the FCT has been unmatched,” he said.
The President also commended Wike for resolving the long-standing land documentation challenge facing the Nigerian Law School by facilitating the issuance of its Certificate of Occupancy after years without a formal title.
At the inauguration of the Body of Benchers’ Office Annex, Tinubu described the project as a demonstration of his administration’s commitment to strengthening the rule of law, democratic governance and institutional independence.
Responding to criticisms that the executive was encroaching on the independence of the judiciary by constructing facilities for the legal community, the President rejected the claim.
“Let me be absolutely clear: the provision of infrastructure for the legal community and the judiciary is not an interference in the independence of another arm of government.
“Rather, it is a constitutional and collaborative duty of the executive to ensure that those who interpret and uphold our laws are provided with an environment that fosters operational efficiency and excellence,”he said.
At the Nigerian Law School, Tinubu said quality infrastructure remained essential to producing competent legal professionals, stressing that the government was committed to improving learning and living conditions within the institution.
“We cannot build a world-class legal system with dilapidated infrastructure,” he said.
The President described the newly inaugurated staff quarters as the first phase of broader investments at the Law School, disclosing that the Federal Government was funding the construction of a new auditorium, additional student hostels and the digitisation of the institution’s academic and administrative operations.
He added that similar interventions were ongoing across the justice sector, including the construction of the Abuja Division of the Court of Appeal, magistrates’ courts and residential quarters for judges.
According to him, the projects reflected the administration’s determination to strengthen institutions that sustain democracy rather than merely constructing physical infrastructure.
“We promised not just to govern, but to reform. We promised to rebuild the broken structures of our institutional foundations,” Tinubu said.
He maintained that the projects demonstrated the Federal Government’s commitment to translating its promises into measurable results through sustained investment in critical national institutions.
News
FG spends N358.3bn on electricity subsidy in Q1 2026 – NERC
The Federal Government incurred an electricity tariff subsidy of N358.32 billion in the first quarter of 2026 as it continued to bridge the gap between cost-reflective electricity tariffs and the rates paid by consumers, according to the latest report by the Nigerian Electricity Regulatory Commission (NERC).
In its First Quarter 2026 report released on Monday, NERC said the subsidy represented a 14.44 per cent decline from the N418.79 billion recorded in the fourth quarter of 2025.
The Commission attributed the reduction mainly to lower electricity offtake by distribution companies (DisCos), rather than improvements in tariff recovery.
NERC explained that because electricity tariffs remain below cost-reflective levels, the Federal Government continues to subsidise the difference between the actual cost of power generation and the approved tariffs charged to consumers.
Under the current Distribution Companies’ Remittance Obligation (DRO) framework, the subsidy covers part of the generation costs payable by DisCos to the Nigerian Bulk Electricity Trading Plc (NBET), while the Federal Ministry of Finance settles the outstanding balance.
According to the report, electricity generation companies invoiced a total of N689.72 billion for power supplied to the 11 electricity distribution companies during the quarter. However, only N331.40 billion was billed to the DisCos under the DRO arrangement, leaving the Federal Government to cover the remaining N358.32 billion.
NERC said the subsidy accounted for 51.95 per cent of the total generation invoice during the period, compared with 52.03 per cent in the preceding quarter.
“The key driver of this reduction in the Federal Government’s subsidy obligation is the decrease in energy offtake by the DisCos by 8.56 per cent between the fourth quarter of 2025 and the first quarter of 2026,” the Commission stated.
The report also showed that the 11 DisCos collected N597.56 billion out of the N756.93 billion billed to customers during the quarter, representing a collection efficiency of 78.95 per cent, slightly below the 79.36 per cent recorded in the previous quarter.
Among the distribution companies, Ikeja Electric recorded the highest collection efficiency at 90.0 per cent, followed by Eko DisCo with 89.64 per cent, Benin DisCo with 85.16 per cent, Port Harcourt DisCo with 81.22 per cent, and Abuja DisCo with 80.90 per cent.
Kaduna DisCo recorded the lowest collection efficiency at 45.81 per cent.
NERC noted that while Jos, Kaduna, Kano, Port Harcourt and Benin distribution companies improved their collection efficiencies compared with the previous quarter, the remaining six DisCos recorded declines, with Enugu DisCo posting the sharpest drop.
News
Tinubu meets Alia, Suswam behind closed doors as Benue crisis deepens
President Bola Tinubu is currently in a private meeting with Benue State Governor Hyacinth Alia and former governor, Senator Gabriel Suswam, at the Presidential Villa in Abuja.
The Monday meeting is taking place at a time of rising political tension in the North-Central state.
No official details have been released, as discussions are ongoing behind closed doors.
The engagement comes amid growing divisions within the Benue chapter of the ruling All Progressives Congress (APC), where Governor Alia and allies of the Secretary to the Government of the Federation (SGF), Senator George Akume, are reportedly struggling for control of the party structure ahead of the 2027 elections.
It also follows recent political shifts in the state, with Senator Suswam’s name surfacing after the APC senatorial primaries as a notable figure ahead of the next election cycle.
While it remains unconfirmed whether the state’s political crisis is on the agenda, the timing of the meeting has fueled speculation that the Presidency may be stepping in to calm tensions, reconcile rival blocs, and encourage unity among key political actors in the state.
As of the time of filing this report, the Presidency had not released any official statement on the outcome of the discussions.
-
News15 hours agoJust in: Tony Elumelu to vacate UBA Group, details here
-
Entertainment22 hours agoDavido Gives Reasons Why He Honoured Abducted Oyo Sch Victims at FIFA World Cup
-
News21 hours agoNiMet warns of flooding in Lagos, Ogun 25 other states
-
News21 hours agoXenophobia: FG conclude plans to evacuate 270 Nigerians from South Africa
-
News20 hours agoDAY 19 of Projects Commissioning in the FCT
-
Metro2 hours agoEFCC Opens N15.6 Billion Fraud Case Against Ex-Skye Bank Chairman, Ayeni
-
Sports19 hours ago10-man England team sends Mexico out of World Cup sails into quarters
-
Sports3 hours agoSpain Defeat Portugal To End Cristiano Ronaldo’s World Cup Career

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login