Ogun state government earmarks N5billion to address high inflation

The Ogun State Government has earmarked N5billion to address the present economic, security, education among other problems being face by residents of the state in prevailing high inflation and currency devaluation in the country.

Penpushing reports that Governor Dapo Abiodun made this known at a press conference held at Olusegun Osoba Press Centre, Oke-Mosan, Abeokuta on Wednesday evening, adding that the administration is aware of challenges being faced by the citizens.

‘Today, we come together in the face of the prevailing economic realities vis a viz: high inflation and currency devaluation in the country. As an administration, we are not oblivious nor insensitive to these challenges being faced by our citizens’, he noted.

Penpushing further reports that Abiodun emphasized that the present economic situation was just a transient phase that will soon pass, and appreciated the perseverance, patience and understanding of all the people of Ogun State.

‘I therefore on behalf of this Government, want to appreciate the perseverance, patience and understanding of all the good people of Ogun State. Let me assure you that the present economic situation is just a transient phase that will soon pass’, he stated.

‘Whatever we experience now are just necessary sacrifices that we have to make towards ensuring a greater tomorrow. In a special way, we extend our appreciation to the President and Commander-In-Chief of Armed Forces of the Federal Republic of Nigeria, His Excellency, Bola Ahmed Tinubu, GCFR for his continuous efforts in navigating the complexities of our nation’s economic landscape’, Abiodun said.

‘His dedication to steering the ship through turbulent times has not gone unnoticed. Even the IMF and World Bank have commended these initiatives. It is this sincerity of purpose that is the main ingredient of the continued success of the “Renewed Hope” Agenda’.

‘The Federal Government is not only steadfast in its commitment towards creating a brighter future for all citizens, but is also trying hard to foster a society where prosperity and well-being of the entire citizens prevail’.

Penpushing also reports that Abiodun said his administration identify with the beacon of “Renewed Hope” in these challenging times, expressing optimism that together, citizens shall overcome the adversities and build a stronger, more resilient nation.

‘As our Administration acknowledges the concerns raised by many of our citizens regarding the rising food prices and shortages, coupled with the depreciation of the Naira, we identify with you and are taking proactive measures to alleviate the impact of these challenges to guarantee the welfare, well-being and wellness of our citizens in this difficult time’, he added.

Penpushing reports that he explained that in this direction and through targeted interventions, his government aim to address these challenges by implementing a series of phased initiatives aimed at alleviating these burdens on all our citizens.

The Governor disclosed the phased initiatives as include education adding that government will be providing a minimum of 5 exercise books for all 850,000 students in public primary and secondary schools.

Penpushing further reports that Abiodun in similar vein the government will be providing a one-time N10,000 education support grant for at least 100,000 pupils in public primary and secondary schools in the state, as well as providing all 27,600 indigent students in tertiary institutions nationwide with an education grant of N50,000 each.

The Governor on health sector explained that government will be providing insurance health cover for over 70,000 beneficiaries to include pregnant women, children, the elderly, market women and other members of the informal sector.

‘More specifically, for pregnant women, under our Ibidero Scheme, we would be providing free pre-natal care, an additional N5,000 per birth and free post-natal care in our State Hospitals and Primary Health Care Centers across the State’.

Penpushing also reports that Abiodun on food palliatives disclosed that his administration will make available rice and other food items for about 300,000 households across the state, as well as assuring that government will commence to offset the backlog of inherited deductions.

‘To this end, we are immediately committing N500million monthly payment towards outstanding deductions. It is noteworthy that we have continues 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 N5Bn across all sectors of the State economy. Our primary responsibility as a Government is to provide security of lives and properties to all residents in the State’, Abiodun stated.

‘I have met with the law enforcement agencies in our State and let me be clear, I will not allow anyone to test our will. Anyone who wants to test our will, will do so at their own peril. While the road ahead may be challenging, your patience, understanding and cooperation are crucial as we navigate these challenging times together’, he said

‘Together, we will work towards building a society that leaves no one behind which is also the essence of the successful implementation of our “Building our Future Together” Agenda & the “Renewed Hope”, Abiodun emphasised

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