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Nigeria gives $235 mln to states to buy rice, maize to ease food shortages

Source Reuters

Posted on August 18, 2023

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ABUJA, Aug 17 (Reuters) – Nigeria has approved a total of 180 billion naira ($235 mln) for its 36 states to procure rice and maize to cushion the effects of food shortages across the country and hardship caused by reforms, Borno state governor Babagana Zulum said on Thursday.

President Bola Tinubu has embarked on Nigeria’s boldest reforms in decades, including scrapping a popular but costly petrol subsidy and devaluing the naira, a move he hopes will boost growth.

For More Details Visit: https://www.reuters.com/world/africa/nigeria-gives-235-mln-states-buy-rice-maize-ease-food-shortages-2023-08-17/