President Bola Ahmed Tinubu has given the green light to the National Construction and Household Support Programme during the National Economic Council meeting held in Abuja on Thursday.
According to a statement from presidential spokesman Ajuri Ngelale, the programme aims to help farmers, strengthen the economy, and provide immediate economic relief for families across Nigeria.
Tinubu gave the green light to the National Construction and Household Support Programme during the National Economic Council meeting held in Abuja on Thursday.
According to a statement from presidential spokesman Ajuri Ngelale, the programme aims to help farmers, strengthen the economy, and provide immediate economic relief for families across Nigeria.
Ngelale explained that the programme, backed by the NEC, will allocate funds and undertake infrastructure projects across all regions of the country.
A significant part of the programme is the approval of a N50,000 uplift grant for 100,000 families per state, to be distributed over three months.
Ngelale also disclosed that N155 billion has been set aside for purchasing and distributing various food items nationwide to improve food security and affordability.
The programme will also fund key infrastructure projects like the Sokoto-Badagry Highway, which spans seven states crucial for sustaining agriculture. These states are essential for producing food in Nigeria.
Other infrastructure projects include the ongoing Lagos-Calabar Coastal Highway and the Trans-Saharan Highway. Tinubu has also approved full funding for the Port Harcourt-Maiduguri Railway and the Ibadan-Abuja section of the Lagos-Kano Standard-Gauge Railway.
In addition to these projects, Ngelale announced that each state and the Federal Capital Territory will receive N10 billion for buying buses and implementing the Compressed Natural Gas uplift programme.
Provisions have been made for labour unions and civil society organizations, emphasizing inclusivity in economic development.
During the NEC meeting, Tinubu urged state governors to collaborate in meeting citizens’ needs and increasing food production in the country.
“Our states must work together to implement necessary reforms to meet our people’s needs. Time is precious; we must act fast,” Tinubu stated.
“We are ready to support you by modernizing agricultural processes and providing high-quality seedlings. Solar-powered irrigation facilities will support farmers year-round, but we must produce food now. Coordination among NEC members is crucial.”
Producing high-quality food for Nigerians to eat, buy, and sell is a top priority, Tinubu emphasized. Jobs are created in food production, and exporting excess food generates wealth for the country.
“I am prepared to provide whatever support you need. We must meet our goals at all levels. Please report back to my office within seven days after consulting,” Tinubu urged state governors.
