July 21, 2024

President Tinubu Approves N50,000 Grant for 100,000 Families, N155bn for Food Security

 

 

President Bola Tinubu has approved the National Construction and Household Support Programme during the National Economic Council meeting on Thursday in Abuja.

 

According to a statement issued by the presidential spokesman, Ajuri Ngelale, the programme is aimed at boosting agricultural productivity, strengthening the economy, and providing immediate economic relief for Nigerian households.

 

Ngelale added that the programme, which was supported by the NEC, includes financial allocations and infrastructure projects across all geo-political zones in the country.

 

He added that a key component of the programme is the approval of the N50,000 uplift grant to be distributed to 100,000 families per state for three months.

 

Ngelale revealed that another N155 billion was earmarked for the purchase and distribution of assorted foodstuff across the nation to address concerns about food security and affordability.

 

He disclosed that the programme will also cater to infrastructure projects, including the Sokoto-Badagry Highway, which will traverse seven states and is considered key for agricultural sustainability. He added that the states along this axis form the food belt of the nation.

 

Other infrastructure initiatives include the ongoing Lagos-Calabar Coastal Highway and the Trans-Saharan Highway. Tinubu also approved full counterpart financing for the Port Harcourt-Maiduguri Railway and the Ibadan-Abuja segment of the Lagos-Kano Standard-Gauge Railway.

 

In addition to the projects, Ngelale said the NEC approved the allocation of N10 billion to each state and the Federal Capital Territory for the procurement of buses and implementation of the Compressed natural gas uplift programme.

 

During the NEC meeting, Tinubu urged state governors to collaborate in meeting the needs of citizens and boosting food production in the country.

 

He said, “Our states must work together to deliver on the critical reforms required of us to meet the needs of our people. Time is humanity’s most precious asset. You can never have enough of it. It is getting late.

 

“We are ready and able to support you in the form of the mechanization of your agricultural processes and the provision of high-quality seedlings.

 

“We are prepared to provide solar-powered irrigation facilities to support our farmers across seasons, but we must now produce. We must produce the food our people eat, and it will require coordination and intentionality between members of the National Economic Council (NEC).

 

“There is nothing we are doing that is more important than producing high-quality food for our people to consume, buy, and sell. We create jobs in the production of it. And that is before we generate wealth by exporting the excess. It is not beyond us to achieve this for Nigerians.

 

“How much support do you need from me, and in what form? I am prepared to provide it. But we must achieve the result. We must deliver on our targets at all levels. Please report back following your consultations and submit to my office within seven days.”

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