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Governor Ben Ayade of Cross River State says the government is subsidising prices of foodstuff, such as rice, tin tomatoes, groundnut oil and sweet corn, by as much as 40 percent .
A bag of rice that goes for between N22,000 and N25,000 in the open market is being sold at N15,000 in Tinapa Free Trade Zone
Also a pack of tin tomatoes that sells for N9,000 in the market is being sold at N6000 in Tinapa.
Sweet Corn and groundnut oil is being sold are N8,000 and N7,000 respectively as against N11,500 and N11,000 in the open market.
Commsioner for Finance, who also doubles as the Manging Director of Tinapa Free Trade Zone, Asuquo Ekpeyong Jnr., said the subsidy on the foodstuff was to enable citizens celebrate the Christmas with their families despite the economic condition in the country.
Ekpeyong said: “The Governor, Senator Ben Ayade decided to subsidise the cost of food stuff in this yuletide season to enable the people of Cross River State celebrate with their families whether they are indigents or not.
A bag of rice that goes for between N22,000 and N25,000 in the open market is being sold at N15,000 in Tinapa Free Trade Zone
Also a pack of tin tomatoes that sells for N9,000 in the market is being sold at N6000 in Tinapa.
Sweet Corn and groundnut oil is being sold are N8,000 and N7,000 respectively as against N11,500 and N11,000 in the open market.
Commsioner for Finance, who also doubles as the Manging Director of Tinapa Free Trade Zone, Asuquo Ekpeyong Jnr., said the subsidy on the foodstuff was to enable citizens celebrate the Christmas with their families despite the economic condition in the country.
Ekpeyong said: “The Governor, Senator Ben Ayade decided to subsidise the cost of food stuff in this yuletide season to enable the people of Cross River State celebrate with their families whether they are indigents or not.