The Ogun Governor Dapo Abiodun has announced a N5 billion intervention fund to cushion the effect of the rising cost of living and inflation in the Gateway State.
Addressing reporters at the Olusegun Osoba Press Centre, Governor’s Office, Oke-Mosan, Abeokuta, he said the fund would cover education, health, workers’ deduction, and food palliative.
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.
“In this direction and through targeted interventions, we aim to address these challenges by implementing a series of phased initiatives aimed at alleviating these burdens on all our citizens.
“The state has taken the following steps: Education sector: providing a minimum of five exercise books for all 850,000 pupils in our public primary and secondary schools.
“We are providing a one-time N10,000 education support grant for at least 100,000 pupils in the state’s public primary and secondary schools.
“We are providing all 27,600 indigent students in tertiary institutions nationwide with an education grant of N50,000 each.”
The governor said his administration would provide insurance health cover for over 70,000 beneficiaries, including expectant mothers, children, the elderly, market women, and other members of the informal sector.
