BoI introduces palliative food program

BoI introduces palliative food program

Palliative Food Program: Trade and Investment has introduced the Bank of Industry’s, BoI’s, palliative food initiative as part of attempts to soften the effect of issues now being faced by Nigerians.

At the scheme’s introduction at the BoI’s Head Office in Lagos, the Minister, Dr. Doris Uzoka-Anite, stated that the program was consistent with the current administration’s commitment to assist the vulnerable.

Uzoka-Anite emphasized that as a responsive government, it has launched several initiatives targeted at mitigating the impact of gasoline subsidy reduction on Nigerians.

You May Also Click To Check 👉Latest Npower News: Song Dedicated To N-Power Beneficiaries Waiting For Unpaid Stipends

She reaffirmed the government’s assistance for industries that will boost local output while also maintaining food security. Uzoka-Anite: “The launch of the BOI palliative program demonstrates a strong commitment to food security.” We are looking for strategies to address the country’s existing food insecurity challenges.

The federal government is aware of the rising food prices and is collaborating with relevant stakeholders throughout the food value chain to address this issue.” Also addressing, Dr. Olasupo Olusi, Managing Director of the BOI, stated that the bank will engage its food processing customers to purchase food goods at low costs, while also working with the state governors to share/donate the purchased food.

He said: “The food palliative program is a clear demonstration of the Bank’s commitment to the Renewed Hope Agenda of the current administration.“