The Federal Capital Territory Administration (FCTA) has ordered the release and sale of buffer stock grains from its strategic food reserve.
The grains which will be sold at 50 per cent subsidized price is part of measures taken by the FCTA to reduce high costs of staple food items in the territory.
A statement signed by the Special Assistant on Media and Publicity to the Minister of State for FCT, Mr. Oluyinka Akintunde, said the buffer stock grains would be sold at 50 per cent subsidy.
At the flag-off ceremony of the sale of buffer stock grains to residents in the territory, Oloye Akinjide said that the administration has approved the sale of 11,548 bags of maize, 2,196 bags of guinea corn and 5,070 bags of millet to the public, Area Councils, Government Agencies and various farmer associations at the subsidized amount.
The Minister disclosed that the FCTA was working towards raising the buffer stock storage capacity from its current level of 1,250 metric tonnes with the completion of the specialized warehouse at Tungan Maje which has a storage capacity of 1,000 metric tonnes.
