The Ogun State Government has moved to introduce a price control mechanism in the state.
The Ogun State Governor, Dapo Abiodun, stated this at a meeting with market leaders led by the Iyaloja General, Mrs Yemisi Abass, at the Governor’s Office, Oke-Mosan, Abeokuta, on Thursday.
He said the move was part of efforts by the state government to ensure food items are more affordable to the people of the state.
Abiodun added that the government would soon launch the operation of its Bulk Purchasing Company, rebranded as the Gateway Trading Company.
The company, according to him, will ensure that the cost of food items is more affordable for the people.
He said: “We have also resolved to begin the implementation of bulk purchasing and selling in the state. To that end, the state government has rebranded our Bulk Purchase Company, now known as Gateway Trading Board.
“Gateway Trading will assist in providing food items to our people at prices significantly lower than what they would pay in the market.”
The governor noted that the company would initially commence operations in the four zones of the state, buying in bulk and reselling at more affordable prices to the public.
“We will aggressively implement our Gateway Trading objectives. Initially, they will operate in the four zones, buying in bulk and reselling at more affordable prices to the public,” he added.
Governor Abiodun also announced the suspension of all forms of market levies in the state.
He warned that anyone caught collecting illegal fees in markets across the state would face the full force of the law.
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