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SUBSIDY REMOVAL: SANWO-OLU FLAGS OFF DISTRIBUTION OF FOOD ITEMS PROGRAMME IN LAGOS

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NASRE Review: Lagos' Discount Food Initiative Propels National Call for Economic Resilience

SUBSIDY REMOVAL: SANWO-OLU FLAGS OFF DISTRIBUTION OF FOOD ITEMS PROGRAMME IN LAGOS

500,000 households to benefit from food palliatives

 

 

 

 

The Governor of Lagos State, Mr Babajide Sanwo-Olu, on Sunday flagged off the distribution of food items for vulnerable households through the Lagos Food Bank Programme, to cushion the effects of the removal of fuel subsidy by the Federal government on Lagos residents.

 

 

 

 

The flag off of the food bank programme is part of the social and economic intervention programmes by the Lagos State Government to ameliorate the pains some Lagosians are experiencing due to the increase in transportation costs and food prices across the State as a direct effect of the policy on the removal of fuel subsidy by the Federal Government.

 

SUBSIDY REMOVAL: SANWO-OLU FLAGS OFF DISTRIBUTION OF FOOD ITEMS PROGRAMME IN LAGOS

 

 

The Food Bank initiative is an addition to different measures rolled out and currently being implemented by Babajide Sanwo-Olu’s administration. The measures include 50 percent reduction in transportation costs in the government-owned bus system and free health services for pregnant women in government hospitals.

Speaking during the flag-off of the Lagos Food Bank Programme at Lagos House, Ikeja on Sunday, Governor Sanwo-Olu said the programme will directly impact 500,000 benefitting households, noting that over 2,500 Micro, Small and Medium Enterprises were involved in bag manufacturing, food aggregation, packaging, and logistics, while over 25,000 employees of the MSMEs will be indirectly impacted.

 

 

 

 

Governor Sanwo-Olu assured Lagosians that adequate measures have been put in place to ensure that all items received get to the intended beneficiaries.

 

 

 

 

 

“The Strategic goal of this programme is to reach 500,000 vulnerable households in the State with staple food items using two methodologies – bulk food items (50kg Rice, 50kg Garri and 100kg Beans) for groups, and food boxes (10kg Rice, 5kg Garri, and 5kg Beans) for individual vulnerable households.

 

 

 

 

 

“The distribution of the food items to vulnerable households will be done through Groups, Institutions, Non-governmental Organisations, Community Development Committees, People Living with Disability and Social Protection Department in the Ministry of Economic Planning and Budget using the Social Register of Vulnerable in the State.

 

 

 

 

“To ensure transparency in the implementation of this intervention, a Monitoring Committee with members drawn from religious groups, Trade Unions, People with Disabilities, Civil Society/Non-Governmental organizations, Youth Groups, Community Development Councils, and representatives of the Lagos State House of Assembly will be constituted.

 

 

 

 

“Further to this, distribution will be phased among the various beneficiary groups for ease of the distribution process. In line with this plan, each group will be duly informed of the date for collection.

 

 

 

 

 

“I would like to use this opportunity to solicit the support of well-meaning and public-spirited individuals and organizations for this programme so that more of our people in need of this intervention can be reached. Be rest assured that adequate measures have been put in place to ensure that all items received get to the intended beneficiaries,” he said.

 

 

 

 

 

Governor Sanwo-Olu, who acknowledged the economic challenges being experienced by Lagosians at this time, promised that his administration will do everything within its capacity to implement measures that will cushion the pain by continuing to initiate programmes and projects that will uplift the people and provide quality living conditions to all.

 

 

 

 

 

He said: “Let me assure all Lagosians that we acknowledge the economic challenges being experienced at this time. The policies being implemented right now by the Federal government are difficult but necessary measures that must be taken to reposition our economy on the path of sustainable development and prosperity for all citizens.

 

 

 

 

 

“I am therefore appealing for the continued understanding of all Lagosians with the assurance that we will do everything within our capacity to implement measures that will cushion this temporary pain as we continue to initiate programmes and projects that will uplift our people and provide quality living conditions to all.”

 

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

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Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

 

…As Dangote Refinery partners MRS to sell PMS at N935 per litre nationwide at its retail outlets

 

 

Sahara Weekly Unveils That The Foremost entrepreneur and President of the Dangote Industries Limited, Aliko Dangote has commended President Bola Ahmed Tinubu for the positive impact of the naira for crude swap deal on the Nigerian economy, which has led to reduction in prices of petroleum products in the country.

 

Dangote Hails Tinubu on Impact of Crude for Naira Swap Deal

 

To provide succour to Nigerians, Dangote recently reduced the price of Premium Motor Spirit (PMS) from N970 to N899.50 at its Refinery loading gantry and provided generous credit terms to marketers.

 

 

“To ensure that this price reduction gets to the end consumer, we have signed a partnership with MRS to sell petrol from its retail outlets nationwide at N935 per litre” he added. This price has already commenced in Lagos, and it will be offered nationwide from Monday.

 

 

In his statement, he called on other oil marketers such as the NNPC Retail and all other marketers, “to work with us to ensure that Nigerians enjoy high-quality petrol at discounted prices.”

 

 

According to him, “The Dangote Refinery is for the benefit of Nigeria and Nigerians. We will therefore continue to work with various value chain players to deliver high quality petrol at cheaper prices. Our aim is for all Nigerians to have ready access to high quality petroleum products that are good for their vehicles, good for their health, and good for their pockets.

 

 

Recall that in September, the Federal Executive Council (FEC) under the leadership of Mr. President approved the sale of crude to local refineries in Naira and corresponding purchase of petroleum products in Naira. The move, which commenced on October 1, led to reduced pressure on the dollar and ensured the stability of the local currency.

 

 

Dangote thanked Nigerians for their unwavering support and the government for creating an enabling environment for the domestic refining industry.

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

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Port Harcourt Refinery Stays Active: NNPC Denounces Sabotage Rumors

NNPC Debunks Shutdown Rumors, Confirms Port Harcourt Refinery Fully Operational

 

The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed reports circulating in certain media outlets claiming that the Old Port Harcourt Refinery, which was re-streamed two months ago, has been shut down.

In a statement released by Olufemi O. Soneye, the Chief Corporate Communications Officer of NNPC Ltd, the company clarified that the refinery is fully operational. The statement noted that the facility’s operational status was recently verified by former Group Managing Directors of NNPC during a site inspection.

“Preparation for the day’s loading operation is currently ongoing,” the statement confirmed, emphasizing that allegations of the refinery’s shutdown are baseless and intended to create panic or artificial scarcity in the fuel market.

NNPC Ltd urged members of the public to disregard such misleading reports, labeling them as the work of those seeking to exploit Nigerians.

The Old Port Harcourt Refinery has been in operation since its re-streaming, and the company remains committed to ensuring stability in the supply of petroleum products across the country.

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

In a show of solidarity, the Committee of Banks in Nigeria has extended a helping hand to victims of the September 2024 floods in Jigawa State. On Thursday, a high-profile delegation led by Dr. Oliver Alawuba, Chairman of the Committee and Group Managing Director/Chief Executive Officer of United Bank for Africa Plc (UBA), visited Dutse, the state capital, to present relief materials to the state government.
The donated items, worth several million Naira, included essential food supplies such as rice and cooking oil, along with mattresses and beverages. Dr. Alawuba highlighted that the gesture aimed to alleviate the hardship faced by flood victims and support critical institutions, especially public hospitals, in their efforts to assist those affected.
“We stand in solidarity with the people and government of Jigawa State during this difficult time. This donation is our way of expressing empathy and supporting those who have lost loved ones, properties, and livelihoods,” Dr. Alawuba stated.
The delegation included notable banking leaders such as Mr. Roosevelt Ogbonna of Access Bank Plc, Dame (Dr.) Adaora Umeoji of Zenith Bank Plc, and Dr. (Mrs.) Nneka Onyeali-Ikpe of Fidelity Bank Plc, among others. Their collective presence underscored the banking sector’s commitment to corporate social responsibility and national development.
Governor Malam Umar A. Namadi expressed profound gratitude for the donation, describing the visit as a rare and commendable act of compassion. He assured the delegation that the relief materials would be judiciously distributed to the intended beneficiaries, emphasizing the importance of partnerships in rebuilding lives and communities.
The Committee of Banks also reiterated their commitment to supporting Nigerians during emergencies, drawing attention to previous interventions, including relief efforts during the 2011 and 2013 floods, the COVID-19 pandemic, and security initiatives like the Lagos State Security Trust Fund.
This humanitarian gesture reflects the collective resolve of Nigeria’s financial institutions to foster social and economic growth, making a meaningful impact in times of need.
Nigerian Banks Donate Multimillion Naira Relief Materials to Jigawa Flood Victims

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