Buhari orders distribution of 150 truckloads of rice seized by customs to 36 states of Nigerian

Paying Social Media Jobs
Buhari orders distribution of 150 truckloads of rice seized by customs to Nigerians
Buhari orders distribution of 150 truckloads of rice seized by customs to Nigerians
Social sharing

President Muhammadu Buhari has ordered distribution of 150 truckloads 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.

Buhari orders distribution of 150 truckloads of rice seized by customs to Nigerians
Buhari orders distribution of 150 truckloads of rice seized by customs to Nigerians

The News Agency of Nigeria (NAN) reported that the news conference on the distribution of 150 truckloads of rice  was on the fiscal stimulus measures in response to COVID-19 pandemic and oil prices fiscal shock.

Ahmed said the seized truckloads of rice had been handed over to the Ministry of Humanitarian Affairs and Disaster Management for distributions to Nigerians.

She added that in addition to this, the president had also approved distribution of grains from strategic grain reserves across the country.

The minister stated that as part of the efforts to support the farmers, the president also approved the reduction of the price of fertilizer from N5,500 to N5,000 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.

“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,” she added.

READ ALSO  Nigeria’s FOREX reserves hit $30b

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 extraordinary measures would be required, as the situation evolved, to address these challenges.

  • News Agency of Nigeria @9NewsNG
About 9News Nigeria 7445 Articles
9News Nigeria is Nigeria's favourite news source.For Authentic, Unbiased News on Politics, Business, Sports, Technology, Entertainment and Lifestyles, Health, Nollywood, Crime and Investigations, Family and Relationships, Inspirations .. and much more.For Latest News from Africa and around the world, 9News Nigeria is your best source. WhatsApp +2348115805632 Email: info@9newsng.com Facebook: www.facebook.com/9NewsNG | Twitter/Instagram: @9newsng

Be the first to comment

Leave your comment

Paying Social Media Jobs
Paying Social Media Jobs
Paying Social Media Jobs