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 donβt 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.
βThis will help to increase the consumption thereby assist to improve the economy.
βThis 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.”
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Muhammadu Buhari GCFR (born 17 December 1942) is a Nigerian politician currently serving as the President of Nigeria, in office since 2015. He is a retired major general in the Nigerian Army and previously served as the nation’s head of state from 31 December 1983 to 27 August 1985, after taking power in a military coup d’Γ©tat. The term Buharism is ascribed to the Buhari military government.
He unsuccessfully ran for the office of president of Nigeria in the 2003, 2007, and 2011 general elections. In December 2014, he emerged as the presidential candidate of the All Progressives Congress for the March 2015 general elections. Buhari won the election, defeating the incumbent President Goodluck Jonathan. This marked the first time in the history of Nigeria that an incumbent president lost to an opposition candidate in a general election. He was sworn in on 29 May 2015. In February 2019, Buhari was re-elected President, defeating his closest rival Atiku Abubakar by over 3 million votes.
Buhari has stated that he takes responsibility for anything over which he presided during his military rule, and that he cannot change the past. He has described himself as a “converted democrat”.
Muhammadu Buhari was born to a Fulani family on 17 December 1942, in Daura, Katsina State, to his father Hardo Adamu, a Fulani chief, and mother Zulaihat. He is the twenty-third child of his father. Buhari was raised by his mother, after his father died when he was about four years old.
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