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Subsidy Palliatives: Sanwo-Olu Flags Off Lagos Food Bank Programme, Targets 500,000 Vulnerable Homes

Lagos State Governor, Bababjide Sanwo-Olu, on Sunday, flagged off the distribution of various palliative items targeted to reach at least 500,000 vulnerable residents.
The measure is geared towards cushioning the effects of the fuel subsidy removal which has affected every sector of the economy.
Sanwo-Olu, speaking at the flag-off held at the Lagos House, Alausa, Ikeja, said the distribution would be done in phases to be handled by special committee set up for effective distribution.
He also urged private sector to support government’s efforts in reaching larger number of residents.
With the move over 2,500 Micro, Small and Medium Enterprises (MSMEs) involved in bag manufacturing, food aggregation, packaging, and logistics, while over 25,000 employees of the MSMEs will be impacted.
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There are two methodologies used in the distribution which include: bulk food items (50kg Rice, 50kg Garri and 100kg Beans) for groups, and food boxes (10kg Rice, 5kg Garri, and 5kg Beans) for individual vulnerable households.
Sanwo-Olu also that Monitoring Committee with members drawn from religious groups, Trade Unions, People with Disability, Civil Society/Non-Governmental organisations, Youth Group, Community Development Councils and representatives of the Lagos State House of Assembly will be constituted to ensure transparency.
According to the governor, the distribution of the food items to vulnerable households will be done through Groups, Institutions, Non-governmental Organisations, Community Development Committees, People Living with Disability and Social Protection Department in the Ministry of Economic Planning and Budget using the Social Register of vulnerable in the State.
The state Government had earlier announced a number of measures which his administration had embarked on aimed at ameliorating the effect of the removal of the subsidy.
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The palliative measures which are already being implemented, Sanwo-Olu stated, includes: a 50.per cent reduction in transportation cost in the government-owned bus system and free health services for pregnant women in Government hospitals among others.
Sanwo-Olu said, “I stand before you all today, deeply aware of the challenges that many Lagosians have been facing with regards to the sharp increases in transportation cost and the prices of essential food items across the State as a direct effect of the policy on the removal of fuel subsidy by the Federal government.
“One of the measures which we announced and being formally flagged off today is the distribution of food items for vulnerable households through the Lagos Food Bank Programme.
“The Strategic goal of this programme is to reach 500,000 vulnerable households in the State with staple food items using two methodologies – bulk food items (50kg Rice, 50kg Garri and 100kg Beans) for groups, and food boxes (10kg Rice, 5kg Garri, and 5kg Beans) for individual vulnerable households.”
To ensure transparency in the implementation of this intervention, a Monitoring Committee with members drawn from religious groups, Trade Unions, People with Disability, Civil Society/Non-Governmental organisations, Youth Group, Community Development Councils and representatives of the Lagos State House of Assembly will be constituted.
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Sanwo-Olu added, “Further to this, distribution will be phased among the various beneficiary groups for ease of the distribution process. In line with this plan, each group will be duly informed of the date for collection.
“Overall, this initiative will directly impact 500,000 benefitting households, over 2,500 Micro, Small and Medium Enterprises involved in bag manufacturing, food aggregation, packaging, and logistics, while over 25,000 employees of the MSMEs will be indirectly impacted.
“I will like to use this opportunity to solicit for the support of well-meaning and public spirited individuals and organisations for this programme so that more of our people in need of this intervention can be reached. Be rest assured that adequate measures have been put in place to ensure that all items received get to the intended beneficiaries,” the Governor stated.
While acknowledging the economic challenges being experience at this time, the Governor stated, “The policies being implemented right now by the Federal government are difficult but necessary measures that must be taken to reposition our economy on the path of sustainable development and prosperity for all citizens.
“I am therefore appealing for the continued understanding of all Lagosians with the assurance that we will do everything within our capacity to implement measures that will cushion this temporary pain as we continue to initiate programmes and projects that will uplift our people and provide quality living conditions to all.”
Speaking on behalf of the beneficiaries at a symbolic ocassion, Mrs Josephine Omolola, Vice Chairman People Living With Disability, PLWD, commended the governor for the laudable programme saying, “onbehalf of the PLWD in Lagos State, I just want to say thank you. You are father with a golden heart. We appreciate for all your support all the time. God will continue to guide you aright throughout your administration and beyond.”
News
Transfer: Premier League Clubs Scramble For Dele-Bashiru
Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.
Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.
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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.
The 24-year-old has two years left on his contract with the Serie A club.
The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.
He has been a regular feature for Lazio this season.
News
Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses
The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.
DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.
A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.
READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.
“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.
“This contradiction will no longer be tolerated,” the statement said.
News
N5m, N10m Zero-interest Loans: SheVentures Opens Applications For Women Entrepreneurs
First City Monument Bank (FCMB) has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to ₦10 million to women entrepreneurs to ease access to working capital and support business growth.
The facility provides loans ranging from ₦500,000 to ₦5 million under a general category, and ₦5 million to ₦10 million for sector-specific businesses, with funding capped at up to 50% of an applicant’s average monthly turnover.
At the centre of the offering is a 0% interest rate, with all charges embedded in a transparent structure.
Repayment is structured over four or six months, allowing businesses to match obligations with their cash flow cycles.
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Yemisi Edun, Managing Director and Chief Executive of First City Monument Bank (FCMB), said the initiative reflects a deliberate approach to inclusive growth.
“Inclusive growth requires access to capital and the right conditions for businesses to deploy that capital effectively.
“Women-led enterprises are critical to economic activity, yet they face structural barriers.
This intervention aims to help close that gap by providing financing that supports job creation, business expansion, and long-term sustainability for women entrepreneurs.”
“Access to affordable finance remains a major constraint for women entrepreneurs,” said Nnenna Jacob-Ogogo, Group Head, SheVentures and Impact Segments at First City Monument Bank (FCMB).
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“By removing the cost barrier and offering quick, flexible funding, this zero-interest loan is designed to safeguard existing jobs, enable businesses to invest in growth initiatives, and foster resilience in challenging economic conditions.”
Women-owned businesses account for a significant share of Nigeria’s small and medium-sized enterprises but continue to face high borrowing costs and limited access to credit.
Through these efforts, SheVentures tackles persistent financing gaps facing women-led businesses, combining targeted funding with broader support to empower women entrepreneurs, encourage business innovation, and enhance their ability to compete on a national scale.
Applications for the zero-interest loan are now open.Apply now.
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