Tinubu approves ₦50,000 grant, N155bn support programme for households

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President Bola Tinubu has greenlit the National Construction and Household Support Programme during Thursday’s National Economic Council (NEC) meeting in Abuja.

Presidential spokesman Ajuri Ngelale stated that the programme aims to enhance agricultural productivity, strengthen the economy, and provide immediate economic relief to Nigerian households.

Ngelale highlighted that the NEC-backed programme includes financial allocations and infrastructure projects across all geo-political zones in the country. A significant aspect of the programme is the N50,000 uplift grant, which will be distributed to 100,000 families per state for three months.

Additionally, N155 billion has been allocated for purchasing and distributing assorted foodstuffs nationwide to address food security and affordability issues.

The programme also encompasses infrastructure projects, such as the Sokoto-Badagry Highway, which will traverse seven states and is crucial for agricultural sustainability. These states constitute the nation’s food belt.

Other infrastructure initiatives include the ongoing Lagos-Calabar Coastal Highway and the Trans-Saharan Highway. Tinubu also approved full counterpart financing for the Port Harcourt-Maiduguri Railway and the Ibadan-Abuja segment of the Lagos-Kano Standard-Gauge Railway.

Furthermore, Ngelale announced that the NEC approved N10 billion for each state and the Federal Capital Territory to procure buses and implement the Compressed Natural Gas uplift programme.

According to the presidential spokesman, provisions were also made for labour unions and civil society organizations.

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During the NEC meeting, Tinubu urged state governors to collaborate in meeting the needs of citizens and boosting food production in the country.

He said, “Our states must work together to deliver on the critical reforms required of us to meet the needs of our people. Time is humanity’s most precious asset. You can never have enough of it. It is getting late.

“We are ready and able to support you in the form of the mechanization of your agricultural processes and the provision of high-quality seedlings.

“We are prepared to provide solar-powered irrigation facilities to support our farmers across seasons, but we must now produce. We must produce the food our people eat, and it will require coordination and intentionality between members of the National Economic Council (NEC).

“There is nothing we are doing that is more important than producing high-quality food for our people to consume, buy, and sell. We create jobs in the production of it. And that is before we generate wealth by exporting the excess. It is not beyond us to achieve this for Nigerians.

“How much support do you need from me, and in what form? I am prepared to provide it. But we must achieve the result. We must deliver on our targets at all levels. Please report back following your consultations and submit to my office within seven days.”