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.
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.”
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:
