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    ALMOND 94.3 FM Ibadan

News

ICYMI: Tinubu approves N50,000 grant, N155bn food package for households

todayJune 28, 2024 1

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President Bola Tinubu has given approval for the National Construction and Household Support Programme during the National Economic Council (NEC) 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.

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.

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

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.

Written by: Almond News

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