The news conference focused on economic stimulus steps in reaction to the COVID-19 pandemic and economic shock of oil prices.
Ahmed said the confiscated rice trucks were handed over to the Nigerian Ministry of Humanitarian Affairs and Disaster Management for further distribution.
She added that the president also approved the distribution of grains from strategic grain reserves across the country.
The minister emphasized that as part of the effort to support the farmers, the president also approved reduction of the price of fertilizer from N5,500 to N5,000 per bag.
She stated that this was another platform to give subsidy to farmers in view with the economic crisis caused by COVID-19 pandemic.
In her statement, more steps will be taken to provide broader benefits to the 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.
The minister stated that the emerging health and economic risks resulting from the COVID-19 outbreak 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 stated that extra-ordinary steps would be required, as the situation evolved, to address these challenges. (NAN)