ANNOUNCEMENT! ! ! Nigerian Company Breaks Good NEWS Over 50kg Bag Of Rice, See What Was Announced
Egoras, a Nigerian startup, has announced a new charity- driven initiative aimed at easing the burden of rising food prices by offering 50kg bags of locally produced rice at a significantly reduced price of ₦45, 000. The initiative, which is set to begin on Saturday, October 12, 2024, comes at a time when the cost of staple foods in Nigeria has surged due to inflation, foreign exchange difficulties, and supply chain disruptions.
The move by Egoras is particularly significant, as recent reports indicate that the price of a 50kg bag of rice has climbed above ₦80, 000 from its previous price of ₦76, 000. Rice sellers and dealers have attributed the increase to scarcity and the high costs of foreign exchange used for importing the product. In light of these challenges, Egoras’ initiative aims to provide relief to Nigerians struggling to afford basic food supplies.
Egoras Aims To Address Food Security Challenges
Ugoji Harry, CEO of Egoras, explained that the company’ s decision to sell rice at a reduced price is part of its commitment to supporting communities in need during these difficult times. He emphasized that the initiative is designed to help alleviate the financial strain caused by the rising cost of food in Nigeria.
” With the current economic situation, many families are facing extreme financial hardship, making it increasingly difficult to afford food, ” said Harry. ” By offering 50kg bags of rice at ₦45, 000, we aim to provide some relief to Nigerians who are feeling the impact of these tough times. We believe that even a small effort like this can make a significant difference in the lives of many. ”
Harry further stressed that the initiative is intended solely for individuals in need, not for resellers or distributors looking to profit from the discounted price. To ensure that the rice reaches as many households as possible, Egoras has set a limit of one bag per customer. ” This is not for people looking to exploit the system, ” Harry said. ” We want to ensure that the initiative directly benefits those who need it the most. ”
How To Purchase And Distribution Points
Egoras has set up several distribution points for the sale of the rice, which will be located in Lagos, Abuja, and Port Harcourt. Interested individuals can pre- order the rice through the company’ s website, egomart. org, and all purchases will be handled on a first- come, first- served basis. Harry expressed optimism that the initiative, while small in scale, would have a meaningful impact on many Nigerian families.
” Every bag of rice sold at this price is one more family that is able to put food on the table during these tough times, ” he said.
Government’ s Role In Combating Food Insecurity
In a related effort to address food insecurity, the Nigerian government recently launched a similar initiative to make rice more affordable. President Bola Ahmed Tinubu, during the flag- off event, announced the sale of 30, 000 metric tonnes of milled rice at a price of ₦40, 000 per bag. He stressed that the government’ s initiative will also be strictly regulated, with a ” one man, one bag” policy to prevent hoarding and racketeering.
As the cost of living continues to rise across the country, initiatives like these from both the private sector and the government provide much- needed relief to struggling households. The combined efforts aim to curb food inflation and ensure that essential commodities remain accessible to the average Nigerian family.
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