According to Ogun State Governor Dapo Abiodun, the dollar-to-naira exchange rate will plummet in less than a month.
In response to the country’s growing economic challenges, Abiodun stated at a stakeholder conference at the Cultural Centre in Kuto, Abeokuta, that the federal government is ready to confront “these difficulties head-on and is aware of them.”
He said; “I can assure you that the dollar will crash down in less than a month. The meeting we had with the President was very assuring and now we know that there are saboteurs in the economy, but their aim will not succeed.
“In light of the current situation, we have made the decision to provide our citizens with essential food items such as rice, garri, and beans. I have arranged for nearly 100 trailers of rice to be delivered, with offloading beginning tomorrow.
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“To ensure fair distribution, we have decided that the elderly and vulnerable will receive the rice free of charge, while others will be able to purchase it at the original price before the increase in the value of the dollar. This will allow us to sustain the initiative until the dollar issue is resolved.”
Abiodun also said that over 300,000 households across the State will receive palliative supplies of rice and other food products.
He said; “The state government will commence to offset the backlog of inherited deductions. To this end, we are immediately committing N500 million in monthly payments towards outstanding deductions. It is noteworthy that we have continued to pay N10,000 transport allowance to all civil servants for the last 8 months.
“This brings our total immediate interventions as a responsible State Government to about N5 billion across all sectors of the State economy.”
A Gentle Reminder: Every obstacle is a stepping stone, every morning; a chance to go again, and those little steps take you closer to your dream.
Nnamdi Okoli
