FG financing the cultivation of hectares of land with N200 billion – George Akume

Sen. George Akume, Secretary to the Government of the Federation (SGF), has declared that N200 billion will be provided by the federal government to promote the cultivation of hectares of land to improve the nation’s food security.

During his speech to the National Executive Council of the Christian Association of Nigeria (CAN) on Thursday in Abuja, Akume made this declaration.

Despite the current economic difficulties, the SGF urged Nigerians to maintain their composure. 

He said that to address the current difficulties, the administration had taken some steps, including quick action to enact palliatives intended to lessen the effects of the reforms.

“Nigerians should be calm. Bola Tinubu, the president, is attempting to strengthen the economy.”

“These include 150 billion naira in palliative loans to states to lessen the impact of fuel subsidy removal, and N125 billion in conditional grants and financial inclusion for medium and small enterprises.”

“We are giving 200 billion naira, which is even more now, to support the cultivation of hectares of land,” stated Akume. 

NLC action a  treasonable offense

Akume denounced the national grid shutdown in response to the labor union leaders’ recent industrial strike, calling it a “treasonable offense.”

He underlined that labor had never disrupted the national grid elsewhere in the globe.

Akume voiced concern about the consequences of such acts and counseled labor against taking any steps that would damage government efforts.

“It’s betrayal! You do not commit economic sabotage, which is a treasonable criminal. “

“We’re working to restore the economy. The nation is expanding, and they intend to destroy it. What use does that serve for any of us? That’s not how it’s done,” he remarked. 

In addition to committing to a higher minimum wage, Akume emphasized that the federal government was also focused on productivity and economic stability.

“We need our folks to get up and carry some cash in their pockets. It is not appropriate to expect N100,000 in the absence of output.”

“Our goals are to manage inflation and maintain a stable economy,” he declared.

Things To Note

With food inflation at 40.5%, Nigeria is currently experiencing a crisis in food security as households all around the nation struggle to support their families.

In addition, the cost of basic consumables, particularly grains, has increased by more than 100% in the last year.