Capitol to sell rice at P20/kilo | The Freeman
CEBU, Philippines — Sugbo-Merkadong Barato (SMB) will soon sell P20 per kilo of NFA rice as well as affordable and fresh harvests that will be made available to the indigent residents of Cebu Province and component cities.
Governor Gwendolyn Garcia, in a meeting with Cebu mayors on Wednesday, said that the Cebu provincial government allocated P100 million for the purchase of NFA rice to be divided equitably among the 51 local government units (LGUs).
It will be the LGUs who will be tasked to facilitate the selling of these to their DSWD-identified indigent-constituents.
The governor said that the SMB which will soon be launched by the Cebu Provincial Government will be open
five times a week, Mondays to Fridays.
The governor, however, emphasized that NFA rice is only limited at 5 kilos per week per identified indigent residents.
According to Sugbo News, the official Facebook page of the provincial government, that another P100 million will be earmarked for the purchase of commercial rice to be sold at cheaper rates, provided that buyers will also purchase other goods and products from the SMB, such as farm products and sea harvests.
The Capitol is expected to absorb at least ten percent loss of the hundred-million-peso allocation since it would be selling rice at a loss if only to give the Cebuanos more spending capacity during this time of high inflation, it said.
The governor further emphasized during the meeting that a limit of five kilos per week of commercial rice to be purchased by a customer.
Garcia has presented the idea and secured the mayors commitment and participation in the program in order to bring the benefits down to their constituents who are in need of most help. — /GMR (FREEMAN)