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FG plans release of 58,500 metric tonnes of rice for market stabilisation 



The federal government is planning the release of around 58,500 metric tonnes of milled rice to the market as a measure to stabilise the market.

This was disclosed by the Minister of Agriculture, Sen. Abubakar Kyari in a message to Nigerians over the prevailing hardship in the country.  

According to the Minister, the Ministry is in partnership with NEMA and the DSS to ensure the earlier approved 42,000 metric tons of grains is distributed fairly across the 36 states of the federation and the FCT.  

He disclosed that the distribution will begin this week and promised to ensure those in need get it.  

In the past few weeks, there have been reports of protests over hardship and incidences of members of the public breaking into both private and public warehouses as well as attacking food trucks. This is occasioned by the spike in inflation at 29.90% with food inflation at 35.41% as of February 2024.