Kwara State Governor AbdulRahman AbdulRazaq yesterday in Ilorin, the state capital, briefed different segments of the state on developments in the country, including efforts of the government to ease things for the people.
Held in different sessions, the hours-long engagements involved labour union chiefs, transport sector leaders, artisans, leadership of the market unions, and students drawn from varying backgrounds in the state.
Different federal government committees are working round the clock to plug the spiraling fall in the value of the naira and its impacts on consumer goods, while different measures are taken to ease the effects on the public, the Governor said.
He said the government is immediately working to force down the cost of key staple foods by releasing grains from the strategic reserve and distributing same to the people at intervals.
He said the devaluation of the naira meant that merchants from neighbouring countries are mopping up grains from Nigeria because it is far cheaper to buy from the country and then resell at higher prices in their own countries, especially in the West African subregion.
Acknowledging the spike in inflation, the Governor urged the people to be patient and that the government’s investments in gas-powered vehicles will soon manifest when the vehicles are eventually distributed in the coming months, including (first) to the University of Ilorin campus and later to the other campuses.
“You will observe that due to the removal of fuel subsidy and the step taken on foreign exchange by the Federal government, there is inflation in the country. The government is working hard to address the resultant challenges,” he said at each of the meetings with the stakeholders.
“Our major problem is foreign exchange. We are getting US dollars from sales of crude oil, whereas we have low sales at the moment. We used to experience pipeline vandalism. But, since the assumption of Tinubu’s government, production of oil has increased. Not only that, the government realised recently that the crude oil we are, and will be, getting in the next six months or so had been sold in advance. So, they don’t get value for whatever they are selling now. But gradually, things will change, and we need your support to understand us.” He said