THISDAY

BOI Launches Palliative Food Programme

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The Federal Ministry of Industry, Trade and Investment has unveiled the Bank of Industry (BoI) palliative food programme in its bid to cushion the effect of challenges currently being faced by Nigerians.

The Minister of Industry, Trade and Investment, Dr Doris Nkiruka Uzoka-Anite, at the launch of the programme at BoI head office in Lagos, said the move is coming on the heels of the present administra­tion’s effort to support the vulnerable.

The Minister stated that as a responsive government, it has announced a number of programmes aimed at ameliorati­ng the effect of the fuel subsidy removal on Nigerians.

She pledged the government’s support for industries to enhance local production while also ensuring food security.

In her words, “The launch of the BOI Palliative programme is a strong commitment to food security. We are seeking ways to address the food insecurity issues currently being faced in the country. The federal government is aware of the skyrocketi­ng food prices and is working with relevant stakeholde­rs in the food value chain to address this challenge.”

Also speaking, the Managing Director, BOI, Dr. Olasupo Olusi, said the developmen­t finance institutio­n is working closely with the federal government to ensure that the palliative gets to the targeted beneficiar­ies across the 36 States including the Federal Capital Territory (FCT) starting in Lagos and Abuja.

The Bank will engage its food processing customers for the purchase of food items at affordable prices while also working with all the State governors for the sharing/donation of the purchased food items.

According to him, the food palliative programme is a clear demonstrat­ion of the Bank’s commitment to the Renewed Hope Agenda of the current administra­tion.

It will be recalled that the bank recently launched the Presidenti­al Conditiona­l Grant Scheme (PCGS) which provides N50,000 grants to qualifying small businesses across various sectors nationwide.

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