Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Government

Token Rice Amidst Skyrocketing Inflation

Eriki Joan UgunushebyEriki Joan Ugunushe
July 15, 2024
in Government
0
Token Rice Amidst Skyrocketing Inflation
Share on FacebookShare on TwitterShare on Whatsapp

In what seems like a token gesture amidst a sea of economic woes, the Federal Government has proudly announced the distribution of 20 trucks of rice to each of the 36 states and the Federal Capital Territory (FCT), Abuja. This revelation came courtesy of the Minister of Information and National Orientation, Mohammed Idris, after Monday’s Federal Executive Council (FEC) meeting.

Idris framed this distribution as the “first step” in the government’s plan to tackle the nation’s food shortage. He earnestly appealed to state governors to ensure these grains reach the most vulnerable in society. Because, clearly, 20 trucks of rice will magically solve the food crisis for millions of Nigerians.

Meanwhile, in a development that surprises absolutely no one, Nigeria’s inflation rate has skyrocketed to a jaw-dropping 34.19% for June 2024. The latest figures from the National Bureau of Statistics (NBS) show a predictable spike in food inflation, a trend that continues to strain the wallets of ordinary Nigerians.

The NBS report details a 2.55% rise in the food inflation rate for June 2024, up from 2.28% in May. This increase is largely driven by the soaring prices of essential food items like groundnut oil, palm oil, water yam, cocoyam, cassava, and various fish products.

While the government pats itself on the back for distributing rice, the average Nigerian continues to grapple with the harsh realities of an economy in turmoil. The gesture, though well-intentioned, feels like a band-aid on a bullet wound.

As the country battles inflation and food shortages, it remains to be seen whether such measures will make a meaningful difference. For now, the distribution of rice serves as a stark reminder of the government’s uphill battle against economic instability.

Tags: federal charactergovernmentinflationNewsNigeriaRiceTokenToken Rice Amidst Skyrocketing Inflation
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Posts

The $10 Billion Showdown: Inside the BBC's Bold Move to Stop Trump in His Tracks
Government

The $10 Billion Showdown: Inside the BBC’s Bold Move to Stop Trump in His Tracks

January 13, 2026
Pay Up or Get Out': Trump's Ultimatum to Nations on U.S. Trade Could Spark a Global Crisis
Government

Pay Up or Get Out’: Trump’s Ultimatum to Nations on U.S. Trade Could Spark a Global Crisis

January 13, 2026
Niger Takes Drastic Action Against 'Cowardly' Drivers Refusing a Dangerous Order
Government

Niger Takes Drastic Action Against ‘Cowardly’ Drivers Refusing a Dangerous Order

January 13, 2026
Next Post
Ivory Coast Cocoa Crop Booms Despite Weather Chaos

Ivory Coast Cocoa Crop Booms Despite Weather Chaos

Controversy and Conspiracy Surround Trump’s Assassination Attempt

Controversy and Conspiracy Surround Trump's Assassination Attempt

Bill to Terminate Ban on Female Genital Mutilation Gets Rejected in Gambia

Bill to Terminate Ban on Female Genital Mutilation Gets Rejected in Gambia

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

IPOB and senseless killings: I hope it is not too late to stop

IPOB and senseless killings: I hope it is not too late to stop

4 years ago
Kemi Badenoch Moves to Kill UK EV Ban in Push to Win Voters and Power

Kemi Badenoch Renounces Nigerian Identity: ‘I No Longer Identify as Nigerian

5 months ago
Trump's "Billionaire Buddies" Take Over TikTok in Controversial Last-Minute Deal

The Rise of TikTok: Redefining the Creator Economy

6 months ago
Donald Trump Inauguration 2025: Historic Return as 47th President

Donald Trump Inauguration 2025: Historic Return as 47th President

12 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump UK ukraine US
No Result
View All Result

Highlights

The $10 Billion Showdown: Inside the BBC’s Bold Move to Stop Trump in His Tracks

Movie Review: Why ‘After 25’ Scores 5/10 Amidst Family Drama and Unanswered Questions

Regina Daniels Denies Theft Allegations

Iranian Lawmaker Issues Grave Warning to Government as Tensions Simmer

Pay Up or Get Out’: Trump’s Ultimatum to Nations on U.S. Trade Could Spark a Global Crisis

Niger Takes Drastic Action Against ‘Cowardly’ Drivers Refusing a Dangerous Order

Trending

Ogun’s First Civilian Governor’s Wife, Lucia Onabanjo, Passes Away at 100
Entertainment

Ogun’s First Civilian Governor’s Wife, Lucia Onabanjo, Passes Away at 100

byAyobami Owolabi
January 13, 2026
0

Madam Lucia Onabanjo, the wife of Ogun State’s pioneer civilian governor, Chief Olabisi Onabanjo, has died at...

Funke Akindele Dominates Box Office as ‘Behind The Scenes’ Hits ₦2.1bn

Funke Akindele Dominates Box Office as ‘Behind The Scenes’ Hits ₦2.1bn

January 13, 2026
Cheaper Drinks, Costly Consequences': WHO Reveals What's Really Driving the Obesity and Cancer Crisis

Cheaper Drinks, Costly Consequences’: WHO Reveals What’s Really Driving the Obesity and Cancer Crisis

January 13, 2026
The $10 Billion Showdown: Inside the BBC's Bold Move to Stop Trump in His Tracks

The $10 Billion Showdown: Inside the BBC’s Bold Move to Stop Trump in His Tracks

January 13, 2026
Movie Review: Why ‘After 25’ Scores 5/10 Amidst Family Drama and Unanswered Questions

Movie Review: Why ‘After 25’ Scores 5/10 Amidst Family Drama and Unanswered Questions

January 13, 2026

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Ogun’s First Civilian Governor’s Wife, Lucia Onabanjo, Passes Away at 100
  • Funke Akindele Dominates Box Office as ‘Behind The Scenes’ Hits ₦2.1bn
  • Cheaper Drinks, Costly Consequences’: WHO Reveals What’s Really Driving the Obesity and Cancer Crisis

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com