President Muhammadu Buhari has ordered distribution of 150 trucks of rice seized by Nigeria Customs Service (NCS) to the 36 States of the Federation.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed disclosed this while fielding questions from Journalists at a News Conference in Abuja on Monday, April 6, 2020.
The News Conference was on the fiscal stimulus measures in response to COVID-19 pandemic and oil prices fiscal shock.
Mrs Ahmed said the seized trucks of rice had been handed over to the Ministry of Humanitarian Affairs and Disaster Management for onward distributions to Nigerians.
She added that in addition to this, the President had also approved the distribution of grains from strategic grain reserves across the country.
The Minister stated that as part of the effort to support the farmers, the President also approved a reduction of the price of fertilizer from ₦5,500 to ₦5,000 per bag.
She added that this was another measure to give subsidy to Farmers in view with the economic crisis caused by COVID-19 pandemic.
According to her, more measures will be taken to provide broader benefits to citizens.
The Minister noted that the emerging health and economic risks resulting from the COVID-19 Pandemic and decline in international oil prices posed existential threats to Nigeria’s economy, healthcare system, national security, as well as the lives of the citizens.
She emphasised that extra-ordinary measures would be required, as the situation evolved, to address these challenges.