The Federal Ministry of Industry, Trade and Investment has unveiled the Bank of Industry’s, BoI’s, palliative food programme as part of measures to cushion the effect of challenges currently being faced by Nigerians.

The Minister, Dr. Doris Uzoka-Anite, at the launch of the programme at BoI’s Head Office, in Lagos, said the programme was in line with the present administration’s efforts to support the vulnerable.

Uzoka-Anite, stressed that as a responsive government, it has embarked on a number of programmes aimed at ameliorating the effect of the fuel subsidy removal on Nigerians.

She pledged the government’s support for industries to enhance local production while also ensuring food security.

Uzoka-Anite; “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. The federal government is aware of the skyrocketing food prices and is working with relevant stakeholders in the food value chain to address this challenge.”

Also speaking, the Managing Director, BOI, Dr. Olasupo Olusi, said the bank will engage its food processing customers for the purchase of food items at affordable prices while also working with all the state governors for the sharing/donation of the purchased food items.

According to him: “The food palliative programme is a clear demonstration of the Bank’s commitment to the Renewed Hope Agenda of the current administration.”