Iftar: Abiodun eulogises Tinubu, says prices of goods coming down

Adekunle OkunadeMarch 14, 2025

1 minute read

The Ogun State Governor, Prince Dapo Abiodun has commended President Bola Ahmed Tinubu for his bold and audacious steps in removing subsidies and ensuring that market forces determine the exchange rates and not the government.

Abiodun said the bold move by the President is already paying off with the downward trend in the prices of food, fuel, and inflation, especially during the month of Ramadan.

Abiodun, who stated this during the Special Iftar (Breaking of Fast) with the League of Imams and Alfas at the Presidential Lodge, Abeokuta.

The governor noted that it is the first time in the history of Nigeria that prices of foodstuffs and other Commodities and products are coming down during the month of Ramadan.

“Recently, I was commending President Bola Ahmed Tinubu for doing what other presidents before him couldn’t do.

“On your first day in office, you removed the subsidy. Subsequently, regarding the issue of exchange rates, some will buy it at different rates; you removed the hand of the government and said that market forces must henceforth determine the rate of exchange, and because of that, there is now a convergence of exchange rates. Everybody in Nigeria now has one exchange rate. Looking at it, 20 to 22 months down the road, to the glory of God, with your wisdom, tenacity, far-sightedness, and your Renewed Hope Initiative, this is the first time in the history of this country that we will be fasting while the cost of foodstuffs is coming down.

“The prices of food items are actually on a downward trend. Exchange rates have been stable over the last 15-16 months and predictable. Inflation, which we were all afraid of, is also coming down. The price of petrol is also coming down every week. I congratulate him for this feat,” he said.

The governor also said that the religious tolerance being enjoyed in the state is the handiwork of faith leaders in building righteous paths for the faithful and the youths through inspiring messages of hope, love, and peace.