Home News Firm Sells Subsidised Rice At N45,000 Per 50kg
News

Firm Sells Subsidised Rice At N45,000 Per 50kg

Share
Firm Sells Subsidised Rice At N45,000 Per 50kg | Daily Report Nigeria
Share

A Nigerian company has began sale of subsidized rice in a bid to tackle the bad economy in the country.

Daily Report Nigeria gathers that the Nigerian company, Egoras, a startup haa begun subsidizing locally produced Ella rice to Nigerians at N45,000 per 50kg.

 

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

Giving a statement on the new update, the CEO of the company, Harry Ugoji on Thursday said the purpose of the initiative was to help alleviate the hardship in the country.

Also, he added that Egoras has already distributed over 1,000 bags of its locally produced rice in Abuja and has also expanded distribution to Port Harcourt, Rivers State, with plans to begin in Lagos soon.

 

He said,

“The current economic situation has pushed many families into extreme financial strain. Offering this rice at less than half its usual market price is our way of giving back and supporting those most in need. With inflation rates exceeding 30 per cent staple food items like rice have seen dramatic price hikes making it difficult for many Nigerian families to meet their nutritional needs. To prevent potential exploitation by resellers, Egoras has implemented a one-bag-per-customer policy.’’

Also Read:  JUST IN: Millions Lost As Boat Capsizes In Delta

 

“Egoras efforts offer much needed support to families struggling with soaring food prices and aims to bridge the gap between supply and affordability. We believe that this effort, while small, will provide some relief to those in need. Every bag of rice sold at this price is helping a family get through these tough times.” he added

 

He added that the company has made purchases easy as it is done through their telegram mini app.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Tinubu Pledges Support for Fair Labour Practices, Workers' Welfare | Daily Report Nigeria
News

Tinubu Pledges Support for Fair Labour Practices, Workers’ Welfare

President Bola Ahmed Tinubu reaffirms commitment to fair labour practices and protecting...

JAMB Delists Five Exam Centres, Arrests 27 Impersonators in 2025 UTME | Daily Report Nigeria
News

JAMB Delists Five Exam Centres, Arrests 27 Impersonators in 2025 UTME

JAMB delists five CBT centres for failing to meet technical standards. Over...

Appeal Court Did Not Acquit Nnamdi Kanu – FG
News

Insecurity in Southeast: Nnamdi Kanu Seeks EU, US Probe Ahead of Trial

Nnamdi Kanu urges EU, US to probe state-sponsored insecurity in Southeast Nigeria....

Reactions As Wizkid's Son Snubs Peller's Link Up Request | Daily Report Nigeria
News

Reactions As Wizkid’s Son Snubs Peller’s Link Up Request

Controversial Nigerian streamer, Peller has reacted after being snubbed by music superstar,...