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June 17, 2024

BOI Rolls Out Palliative Programme to Tackle Food Insecurity

The Bank of Industry (BOI) has launched a palliative food program to address the food insecurity and economic challenges in Nigeria. 

Doris Uzoka-Anite, the Minister of Industry, Trade, and Investment, launched the program at the BOI’s Lagos headquarters. She stressed that the program was birthed out of the present administration’s commitment to assisting vulnerable individuals.

Uzoka-Anite noted that the government is aware of the increase in food prices, and they are working in partnership with stakeholders within the food value chain to address this challenge.

“The launch of the BOI palliative programme is a strong commitment to food security. We are seeking ways to address the food insecurity issues currently being faced in the country,” she said.

Dr. Olasupo Olusi, Managing Director of the Bank of Industry (BOI), explained that the development finance institution works hand in hand with the Federal Government to ensure that the palliative gets to the targeted beneficiaries across the 36 states, including the Federal Capital Territory.

He shared that the bank intends to work with its food processing customers to purchase food items at affordable prices. According to him, the bank will also collaborate with all state governors to distribute the purchased food items through sharing or donations.

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