Economic Downturn: Ogun to Inject N5billion into Economy

By Abimbola Bamgbose

As part of efforts to mitigate the ongoing economic downturn in the country, Ogun State government has concluded plans to inject a total sum of five billion naira into the state’s economy for the benefit of residents.

The State Governor, Prince Dapo Abiodun made this known while briefing newsmen at the Olusegun Osoba Press Centre, Oke Mosan, Abeokuta.

Governor Abiodun lauded the people of the state for their perseverance, tolerance and endurance in face of the food inflation and other economic challenges.

The Governor said the state government was not unmindful of the challenges and this had necessitated the implementation of various interventions by the State Government to cushion the effects. 

While rolling out some of the interventions already put in place by his government, Governor Abiodun said all the indigent students in both primary and secondary schools in the state would now enjoy a sun of 10,000 naira as education grants, while indigent students in tertiary institutions would benefit a sum of fifty thousand naira each

In the health sector, the governor said 70,000 residents including market women, pregnant women, children and aged ones would benefit from the state health insurance scheme worth eighteen thousand naira each, adding that all pregnant women would enjoy free antenatal and postnatal care with take-home of five thousand naira 

The governor revealed that more food palliatives such as rice, garri and other easily procurable food items would be provided for 450,000 households in the state.

He also stressed that the present administration is committed to offsetting the backlog of inherited deductions through the payment of five hundred million naira on a monthly basis as workers continued to enjoy the ten thousand naira monthly transport allowance with other incentives 

The governor while commending President Bola Ahmed Tinubu for being passionate about the welfare of Nigerians, urged the people of the state and Nigerians at large to continue to support the renewed hope agenda of the federal government. 

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