President Muhammadu Buhari has ordered the distribution of 150 trucks of rice seized by Nigeria Customs Service (NCS) to the 36 states in the country.
The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed revealed this as she answered questions from journalists at a news conference in Abuja on Monday.
According to her, as part of the effort to aid farmers during this period, Buhari has also approved the reduction of the price of fertilizer from N5,500 to N5,000 per bag.
She added that this is another way to give subsidy to farmers amid the economic crisis caused by COVID-19 pandemic.
Her words, “We don’t want to rush and announce measures that will end up benefiting only a few of the segments. Our interest is to make sure that as much as possible a lot of Nigerians are productive and have liquidity in their hands.
“This will help to increase the consumption thereby assist to improve the economy.
“This is not something we will announce in a hurry without consulting with the central ministry and also without consulting with the key participants in the sector.”