Nigerian Senator Jimoh Ibrahim proposes food vouchers to combat hunger and poverty, funded by petrol subsidy removal.

Senator Jimoh Ibrahim has proposed that Nigeria's Central Bank and Ministry of Finance create food vouchers to combat hunger and poverty, suggesting they be funded by the removal of petrol subsidies. He argues this initiative could help 20 million Nigerians, stabilize the naira, and reduce corruption linked to cash distribution programs. The proposal comes amid recent economic reforms that have heightened food inflation and reduced purchasing power in the country.

October 27, 2024
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