BusinessHighlight

Dangote set to disburse N15bln food items to 774 LGAs to cushion harsh economic conditions

“Our goal is to extend our reach across all the 36 states and the Federal Capital Territory, ensuring that as many of our fellow Nigerians as possible benefit."

1.2k

Nigerian businessman and industrialist Alhaji Aliko Dangote says he has allocated N15 billion for food supplies to the vulnerable people across the 774 local government areas in the country.

The initiative, flagged off in Kano and Lagos States on Saturday, is perceived as a swift response to the current economic challenges in the country by the company. So I’m so

The Aliko Dangote Foundation delivered 120,000 bags of rice to support about one million disadvantaged individuals across all 44 local government areas in Kano State.

Dangote stated at the presentation event at the Government House in Kano that the company spent N15 billion on food supplies in the 774 local government areas.

He announced that Kano would receive 120,000 bags, and the 774 local government areas would share the remaining bags.

He said: “We are here in Kano to flag off the distribution of over one million 10kg bags of rice, targeting over one million of the most vulnerable persons across the 774 local government areas in Nigeria at the cost of over N15 billion.

“The allocation will be given to Kano State because of the large population and level of poverty.

“This initiative is part of our response to the current economic challenges facing our nation, and it is a testament to our commitment to supporting our communities in line with our core values.

“We will begin this humble endeavour in Kano State and Lagos State today, recognising the urgency in providing immediate relief to those in need.

“Our goal is to extend our reach across all the 36 states and the Federal Capital Territory, ensuring that as many of our fellow Nigerians as possible benefit.”

Leave a comment

Related Articles

Rugby: Tunisia Triumphs Over Nigeria with 34-10 Win in Africa Cup Qualifiers

The Nigerian senior men’s national rugby team, the Stallions, suffered a 34-10...

SanDisk Teases Forthcoming Launch of Next-Generation Storage Device

Sandisk previews new corporate branding defined by a ‘Mindset of Motion’ Creative...

2025 FG’s budget: Full text of President Bola Tinubu

My Fellow Nigerians, 1. In fulfilment of one of my constitutional duties...

NNPC Ltd. Commits to Collaborative Partnership with NUJ FCT Council

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has pledged its partnership...

CBN Sets Daily POS Transaction Cap at N100,000 for Agents

The Central Bank of Nigeria (CBN) has introduced a new policy aimed...

Vinicius Jr Wins FIFA’s Best Award, Beats Rodri by Five Scoring Points

Real Madrid superstar Vinicius Jr. has been crowned FIFA’s Best player, beating...

University community in shock as lecturer falls victim to gunmen’s bullets

Tragedy struck in Awka, Anambra State, on Monday night when Dr. Fabian...

Senate Moves to Ban Dollar Transactions as Bill Passes First Reading

A new bill has scaled the first reading in the Senate, aiming...

Tinubu Appoints Aisha Garba as UBEC Executive Secretary

President Bola Tinubu has appointed Mrs. Aisha Garba, a renowned international development...

Just in: Reps urge CDS, Army Chief to free Miyetti Allah’s president, Bodejo

The House of Representatives has called for the immediate and unconditional release...

Exclusive: Dearth of funding, preparation puts Nigeria’s Rugby Team at disadvantage in Tunisia

The Nigerian national rugby team is set to participate in the 2024...

CAF Awards: Pres. Tinubu Congratulates Ademola Lookman, Chiamaka Nnadozie, Super Falcons

President Bola Tinubu has congratulated Super Eagles forward, Ademola Lookman, on winning...

FirstBank’s Decemberissavybe 2024 kicks off with Kenny Blaq’s “Reckless” Musicomedy

December is a joyous season in Nigeria, a time when individuals take...

UBA Donates N500m to Lagos State Security Trust Fund, Reinforcing Commitment to Safety, Security

“This latest gesture aligns with UBA Foundation’s Special Projects initiative which focuses...

Nigeria’s Ademola Lookman Takes Home Coveted 2024 CAF Men’s African Player of the Year Award

Nigerian Football Sensation Ademola Lookman Reigns Supreme as 2024 CAF Men’s African...

FEC Holds Final Meeting for 2024, Tinubu Presides

The Federal Executive Council (FEC) meeting is underway at the State House,...

Supreme Court imposes N5m fine on Ambrose Owuru for “harassing” Tinubu with frivolous suit

The Supreme Court has thrown out a lawsuit seeking to oust President...

Nigeria’s Inflation Rate Rises to 34.6% in November

Nigeria’s inflation rate has risen to 34.6% in November, up from 33.8%...

Shell Announces Final Investment Decision on Bonga North Deep-Water Project in Nigeria

Shell Nigeria Exploration and Production Company Limited (SNEPCo) has announced a final...

Yahaya Bello threatens to sue online medium over defamatory report, commits to Tinubu, APC

Former Kogi Gov. Yahaya Bello has vowed to take legal action against...