The Ogun state governor, Dapo Abiodun, has made a bold assertion regarding the value of the dollar against the naira, stating that it will witness a significant decrease within a month's time. Abiodun made these remarks during a stakeholder meeting at the Cultural Center in Kuto, Abeokuta, addressing the nation's escalating economic challenges.
He attributed his confidence in this prediction to the outcomes of an emergency meeting between governors and President Bola Tinubu, which laid the groundwork for this assurance. Abiodun emphasized that the federal government is fully prepared to confront the prevailing economic challenges head-on.
The governor assured the citizens that despite the prevailing difficulties, the government is resolute in its determination to address the situation effectively. To mitigate the impact of the economic downturn on the populace, Abiodun announced plans to provide essential food items such as rice, garri, and beans. Nearly 100 trailers of rice are set to be delivered, with distribution commencing imminently.
In a bid to ensure equitable distribution, the governor outlined that the elderly and vulnerable segments of the population will receive the rice free of charge, while others will have the opportunity to purchase it at the original price before the surge in the dollar's value. This initiative is expected to be sustained until the currency issue is resolved.
Abiodun further disclosed that rice and other essential food items will be distributed to approximately 300,000 households across the state as part of the palliative measures.
Moreover, the governor pledged to address the backlog of inherited deductions by committing N500 million monthly towards settling outstanding dues. Additionally, he highlighted the government's ongoing commitment to providing a transport allowance of N10,000 to all civil servants over the past 8 months.
In sum, Abiodun outlined immediate interventions totaling around N5 billion across various sectors of the state economy, underscoring the government's dedication to fostering economic stability and addressing the needs of its citizens.
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