Dollar will soon crash under Naira -Ogun State Governor

The Ogun State Governor, Dapo Abiodun has allayed the fears of Nigerians over the continuous rise of the dollar stating that the global currency will soon crash against the Naira.

The governor noted that the Federal Government is doing everything to deliver on its electoral promises.

Abiodun said this on Thursday, in Abeokuta, at a stakeholders meeting held at the Cultural Center.

The governor convened the meeting on the heels of the prevailing economic hardship in the country, saying the government is not resting on its oars.

Abiodun, who drew his confidence from an emergency meeting with President Bola Tinubu earlier on Wednesday, stressed that the federal government is aware of the problems and ready to address them head-on.

Recall that Abiodun during a press briefing last week announced a N5 billion intervention fund to cushion the effect of rising cost of living and inflation in the State.

Speaking at the event, Abiodun said, “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.

The governor added that his administration would provide health insurance that will cover over 70,000 beneficiaries including pregnant women, children, the elderly, market women and other members of the informal sector.

According to the governor, while pregnant women, under the Ibidero Scheme would be provided with free prenatal care, an additional N5,000 per birth and free post-natal care in the State Hospitals and Primary Health Care Centers across the State has also been activated.

Governor Abiodun stated that provision would be made for food palliatives to include rice and other food items for about 300,000 households across the State.

His words, “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.



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