Ogun State Governor Dapo Abiodun has revealed plans to introduce a price control mechanism to combat rising food costs. During a meeting with market leaders, including Iyaloja General Mrs. Yemisi Abass, at the Governor’s Office in Abeokuta, Abiodun also announced the suspension of all market levies, permitting only development and environmental levies.
The governor outlined that the state government will soon launch the Gateway Trading Company, formerly known as the Bulk Purchasing Company. This initiative aims to make food items more affordable by purchasing in bulk and reselling at reduced prices.
Abiodun stated, “Gateway Trading will help us bring food items to the public at significantly lower prices than those found in regular markets. We will begin operations in the four zones, focusing on bulk purchasing and affordable resale.”
He further addressed the issue of illegal market taxes, announcing a ban on various unofficial levies, including loading, discharge, and offloading taxes. Only development and environmental levies, which contribute to market upkeep, will be permitted. These levies must be publicly disclosed and agreed upon.
The governor also highlighted efforts to eliminate coercive practices affecting farmers, ensuring they are not forced to sell at inflated prices due to market pressures.
Mrs. Abass praised Governor Abiodun for engaging with market leaders to improve conditions for the state’s residents, expressing optimism about the positive impact of these measures.
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