BREAKING: Jubilation as Nigerian Governor Announces 3 Steps to Reduce Prices of Food

• Ogun state governor Dapo Abiodun has disclosed three important moves to bring down the cost of food items in the state
• Abiodun announced the development after meeting with the state's market leaders, led by the Iyaloja General, Chief (Mrs.) Yemisi Abass on Thursday, September 12
• The governor's decision followed the sudden hike in the prices of fuel, which has influenced the sudden increase in the cost of food items in the country

Dapo Abiodun, the governor of Ogun state, has announced three major moves to lower food prices in the state following the sudden increase in the cost of living in Nigeria after the petrol price hike.

In a tweet on Thursday, September 12, the governor said the decisions were taken at his meeting with the market leaders in the state. Governor Abiodun played host to the market leaders led by the Iyaloja General, Chief (Mrs.) Yemisi Abass.

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Ogun revamps Gateway Trading Company

According to Abiodun, the first step to making food items more affordable across the Ogun state is revamping the Gateway Trading Company to implement a price control mechanism through bulk purchasing and strategic selling in key zones, driving down costs.

Furthermore, Abiodun also announced the suspension of all market levies, except for essential development and environmental fees, to alleviate traders' financial burdens. To ensure a seamless implementation, a market enforcement task force will be established to eradicate illegal levies and intimidation.

Abiodun promises low-interest loans to traders

Additionally, the state government promised to provide low-interest loans and grants to support traders and enhance market waste management systems.

His statement reads in part:

"Our rebranded Gateway Trading Company will begin bulk purchasing and selling in key zones to lower prices."

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Nigerians have been lamenting the high cost of living following the sudden increase in fuel prices across the country. The development has led to ten days of nationwide hunger protests.

See the governor's tweet here:

Abiodun speaks on new minimum wage

Legit.ng earlier reported that Dapo Abiodun, the governor of Ogun state, promised that his administration would be the first to implement the new minimum wage.

Abiodun made the vow while hosting workers' leaders in the state on Wednesday, September 11, at the government house in Abeokuta, the Ogun state capital.

The governor also speaks on the removal of the fuel subsidy and the measures his administration is taking to curtail its effect on the people of the state.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

Source: Legit.ng