The Federal Government of Nigeria has initiated the sale of 30,000 metric tonnes of milled rice, priced at ₦40,000 per 50-kilogram bag, with the stipulation that only public servants and individuals with a registered National Identification Number (NIN) will be eligible to purchase.
This measure aims to combat racketeering and is part of broader efforts to reduce food prices amid ongoing economic challenges.
Abubakar Kyari, the Minister of Agriculture and Food Security, announced the program during a flag-off event in Abuja, where he represented President Bola Tinubu. Kyari emphasized the importance of this intervention in light of the current food crisis affecting Nigeria.
The sale will be strictly regulated, allowing only one bag of rice per person to prevent bulk purchasing by individuals seeking to profit from the subsidized prices. Verification will be conducted using the NIN and phone numbers to ensure transparency and fairness in the distribution process.
Kyari attributed the rising food prices to several factors, including the COVID-19 pandemic, the Russia-Ukraine war, and climate change. He urged citizens to cooperate with government agencies to ensure the success of this initiative, which he believes will not only lower rice prices but also positively impact the prices of other food items.
To buy the subsidized rice, individuals must present their NIN, phone number, or be registered under the Integrated Payroll and Personal Information System (IPPIS). Upon verification, buyers will receive a code number and a Treasury receipt, allowing them to collect their rice from designated centers.
The government hopes that the introduction of this 30,000MT of rice into the market will help stabilize food prices and improve food security for Nigerians.
This initiative reflects the government’s commitment to addressing food insecurity and the economic challenges faced by citizens, particularly as the nation grapples with high inflation rates and rising food costs.
