The Minister of Information and National Orientation, Mohammed Idris, has claimed a bag of rice is being sold for N40,000.
Idris made this claim while addressing State House correspondents after the Federal Executive Council meeting on Monday.
The meeting presided over by President Bola Tinubu.
Idris stated that the government is already addressing some of the demands made by aggrieved Nigerians, and making efforts to make sure that food is made available.
He said, “Many of the issues that those planning the protest are putting forward are being addressed. The government is making efforts to make sure that food is made available.
“Rice has been taken to various centres across the country, and it is being sold for N40,000. This is just the beginning and necessary first step. Other efforts are underway.
“There is so much investment that is going into the agricultural sector and we believe that as we move forward, the price of food will come down.