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Tinubu’s Unified Exchange Rate Yielding Positive Results, Says APC Chieftain
Hon. Olatunbosun Oyintiloye, a chieftain of the All Progressives Congress (APC) in Osun says the strategic policy of President Bola Tunubu, on the unification of exchange rate has started yielding positive results.
Oyintiloye, a former member of the defunct APC Presidential Campaign Council(PCC) said this while speaking with newsmen on Sunday in Osogbo.
The Monetary Policy Committee of the Central Bank of Nigeria as part of measures to control inflation and stabilise the naira, last month raised its benchmark interest rate, known as the Monetary Policy Rate (MPR) by 200 basis points to 24.75 percent from 22.75 percent in February 2024.
The former lawmaker, who noted that although the policy initially led to unsavoury experiences for Nigerians, said that the experience of the past few weeks was an indication that the initiative was beginning to have positive impact on the nation’s economy.
The APC chieftain said the rate at which the naira had been appreciating against the dollar at both parallel and official markets was commendable and a huge relief to Nigerians.
He added that the current growth in the nation’s economy would make it attractive to foreign portfolio investment, stabilise price, and check inflation trend.
Oyintiloye also commended the Central Bank of Nigeria for the successful clearance of $7 billion Forex backlog, noting that this will continue to stabilise the exchange rate.
He maintained that the liberation of the foreign exchange market and the continuous appreciation of naira would unlock the huge potentials for investment and restore investors confidence in nigeria’s economy.
He appealed to Nigerians to continue to exercise patience with the president, assuring that things will continue to get better.
“The strategic policy of President Bola Tinubu, on the unification of exchange rate has started yielding positive results.
“With the steady appreciation of naira in the last few weeks, we can begin to say the worst is over.
“In the next few months, we will continue to reap the benefits of the tough economic decisions that was made by the president.
“This will clearly proof to us that the president meant well for all Nigerians in all his economic policies.
“The way the naira is fast appreciating against the dollar and other currency is amazing and I know we will soon be benefiting from it.
” The Renewed Agenda of the president will be fulfilled and Nigerians will surely laugh last”, he said.
Oyintiloye also called on Nigerians to reduce their appetite for foreign goods to fast-track the growth of the nation’s economy.
He said Nigeria as a nation must also cut its dependence on foreign goods, increase local production and enhance entrepreneurship.
The APC Chieftain noted that these would help to strengthen the Naira which was under too much pressure.
” By importing, we are simply developing the economies of the countries we buy from through job creation, value chain maintenance, capacity for product development and other spin-off effects of production.
“We have to feed our population and depend less on importation to fast-track development of our country,” Oyintiloye said.
On Sun, 24 Mar 2024, 1:48 pm Bosun Oyintiloye,
APC chieftain appeals to Tinubu to intervene in cooking gas price hike.
Hon. Olatunbosun Oyintiloye, a chieftain of the All Progressives Congress (APC) has appealed to President Bola Tunubu, to urgently intervene in the high cost of Liquefied Petroleum gas, popularly called cooking gas in the country.
Oyintiloye, who made the appeal while speaking with newsmen on Sunday in Osogbo, said that the cost of the cooking gas was becoming unbearable for the masses.
The APC chieftain said although the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, on February 22, announced that the federal government had asked LPG producers to stop exporting the commodity, but the decision had not yielded any positive results in the reduction of price of the item locally.
He said rising prices of the item might be as a result of LPG producers secretly exporting the products.
Oyintiloye, a former member of defunct APC Presidential Campaign Council (PCC), said that it was alarming that the cost of refiling a 12.5kg of cylinder in many part of the country now ranges between N17,500 and N18,000.
He said that as a result of this exorbitant prices, many LPG users who could not afford the price were gradually shifting to solid fuel like charcoal and firewood.
Oyintiloye said that the shift to the use of charcoal and firewood by the masses could aggravate climate change challenges and its adverse effects such as deforestation, desertification and soil degradation that could lead to erosion.
According to him, the use of solid fuel can also lead to air pollution with carbon monoxide emitted from solid fuel, which is harmful to human beings because it binds to hemoglobin in the blood, reducing the ability of blood to carry oxygen to the body’s organs.
“This will in turn
pose serious danger to the respiratory organ, fatigue, headaches, confusion, and dizziness to human system due to inadequate oxygen delivery to the brain, thereby reduces overall well-being of people.
“Human being depend on green plants for our daily supply of oxygen, while giving back carbon dioxide to the plants.
“In an attempt to substitute clean cooking gas for firewoods and charcoal by cutting down green trees, this will affect human survival”, he said.
Oyintiloye, a former lawmaker however urged the president to take drastic measures to crash the price of the product in the interest of the masses and to save the country’s forest and ecosystem.
He said that while many Nigerians were struggling to look for what to eat, the means of cooking their food should not be made difficult for them again.
“I know Mr President has a listening ear and he will do something urgent about this matter.
“The announcement by the petroleum minister(state) on the ban on the exportation of the product is a good one, but it has not started having any positive effects on the masses.
“The fuel subsidy removal is biting hard on the people and electricity supply is not stable.
“All these are impacting negatively on Nigerians and solutions should be provided without further delay.
“All relevant and critical stakeholders must join hands with the president to tackle the challenges in the oil and gas industry”, he said.
Oyintiloye, also commended the president on his proactive steps in stabilising the naira against the United States dollar.
He said the gradual way in which the naira is maintaining a steady appreciation against the United States dollars in the last few days was commendable.
He said the warning by the presidency to currency speculators to desist from unpatriotic act against the naira was also timely and necessary.
Oyintiloye said with patience and absolute support to the president, the economic challenges the country is passing through will be a thing of the past.
“I want to commend the president on his tireless efforts in putting the economy of the country on the right path.
“With patience, endurance, prayers and support for the president, we will come out stronger from these challenges”, he said.
He appealed to Nigerians to continue to support the president as he is working tirelessly to deliver on his Renewed Hope Agenda.
On Sun, 3 Mar 2024, 12:08 pm Bosun Oyintiloye,
Don’t sabotage efforts of Tinubu in fixing the economy, APC chieftain urges governors
Hon. Olatunbosun Oyintiloye, a Chieftain of the All Progressives Congress (APC) in Osun has appealed to the state governors and senior civil servants to give President Bola Tunubu, maximum support as he made efforts to fix Nigeria’s economy.
Oyintiloye said that it is not possible for the president alone to achieve his Renewed Hope Agenda for the people without the support of the governors and top civil servants, who were the engine room of the government.
He said this while speaking with newsmen on Sunday in Osogbo.
Oyintiloye said that the governors needed to support the various initiatives of the president in fixing the economy by utilising their monthly allocation for poverty alleviation in their various states.
The APC Chieftain said that the various efforts of the president in fixing the economy may not be immediately visible to many Nigerians, if the state governors refused to utilise their monthly allocation for the benefit of the masses in their states.
According to him, what the state governors are earning from the federal allocation since the removal of the fuel subsidy is capable of putting smiles on the faces of the people, if judiciously used.
“This is the time for state governors, irrespective of political affiliations to join the president in fixing the economy by attending to the welfare of the people.
“What the president is doing at the centre to fix the economy will only be meaningful to the people, if the state governors can lend a helping hands.
“What the governors are currently collecting as monthly allocation is more than in enough to lift the people out of poverty in relation to what the president is doing.
“While the masses are shouting the name of the president at every slight discomfort, they should also hold their governors accountable, asking them what they are doing with the improved monthly allocation.
“To set the record straight, the governors have to come out and tell people of their states the amount they have collected since June last year and how they have administered the funds.
“In the reckoning of most Nigerians now, the governors are seen as part of those sabotaging efforts of the president to lessen effects of the removal of fuel subsidy on the people”, he said.
Oyintiloye, a former member of the defunct APC Presidential Campaign Council (PCC) also said the senior civil and permanent secretaries must not allow unnecessary bureaucracy to undermine the efforts of the president in fixing the economy.
He said they should heed to the directive of the president during his meeting with them in which he warned against ineffectiveness and unnecessary bureaucracy that could result in the delay of interventions in the economy and programmes targeting vulnerable citizens.
Oyintiloye, a former lawmaker, said this was the time for the senior civil servants and the permanent secretaries to be on the same page with the president towards improving the lives of Nigerians by acting with dispatch on matters that border on the welfare of citizens.
” We are in a very critical situation in which unnecessary bureaucracy which can hinder the efforts of the president be suspended.
“Any act of sabotage in whatever form in the civil service should be rooted out for the sake of the benefit of the masses”, he said.
Oyintiloye also commended the president on his directive on a monthly briefing by the Head of Service and submission of key performance indicator reports for his review.
He said this will improve service delivery and prompt attendance to issues that would impact the the welfare of the people and the economy.
Oyintiloye, however, appealed to the masses to be patient with the president, adding that with all the various interventions the president is putting in place, the country will soon attain the height of desired greatness.
On Sun, 18 Feb 2024, 11:51 am Bosun Oyintiloye,
Food crisis: APC chieftain urges Tinubu to set up taskforce to tackle saboteurs in grains distribution
Hon. Olatunbosun Oyintiloye, a Chieftain of the All Progressives Congress (APC) in Osun has urged President Bola Tinubu, to set up a special taskforce for the distribution of the approved 42,000 metric tonnes of grains from strategic reserved to Nigerians.
Oyintiloye, while speaking with newsmen on Sunday in Osogbo, said that setting up of the taskforce was necessary in order to ensure that the grains was not diverted, but get to the targeted Nigerians.
He said for the masses to benefit from the free grains, the president must put up a taskforce to cripple the activities of saboteurs, who were desperate to make gains from the pains of Nigerians.
Mohammed Idris, the Minister of Information and National Orientation, Mohammed Idris, had on Feb. 8, said the president had approved the release of 42,000MT of maize, millet and other commodities from the national strategic reserves to address the rising cost of food in Nigeria.
Idris, after a meeting of the Presidential Committee on Emergency Food Intervention, also said that the Rice Millers Association of Nigeria had committed to releasing about 60,000MT of rice to the markets.
Oyintiloye, former lawmaker, however, said if the president wanted the poor Nigerians to feel the impact of the released grains, a special taskforce should be constituted to ensure its effective distribution.
He said that the past experiences had shown that the federal government free grains had not been reaching the targeted Nigerians due to the activities of saboteurs.
Oyintiloye said it would be a great disservice to the country and to the efforts of the president, if the good gesture of the free grains is allowed to be hijacked by private individuals.
He said aside the staff of the National Emergency Management Agency and Department of State Services that would be engaged in the distribution, a special presidential taskforce should be deployed to states to ensure effective distribution.
Oyintiloye, who commended the president for the release of the grains, said that those who were expert in sabotaging the efforts of the government in ameliorating the suffering of Nigerians must not be allowed to truncate the distribution process.
“There is no doubt that there is hunger in the land, but the efforts of the government in minimising the problems should not be allowed to be truncated by the enemies of the country.
“And that is why I appeal to the president to set up this special taskforce so as to outsmart those that are waiting to divert the grains.
“People are hungry and this free grain to be distributed by the government must get to the masses and its must not be diverted.
“With the presidential taskforce in place and with effective monitoring, it will be difficult for anyone, no matter how placed to have access in diverting the grains”,he said.
Oyintiloye, a former member of the defunct APC Presidential Campaign Council (PCC), also said the president’s directive that security agencies to go after those
hoarding food is a welcome development and it had started yielding positive results.
He said with this presidential directive, those who were hoarding food to make unjustifiable gains would be brought to justice.
“We all know that the economy is in a bad shape, but the way market men and women are using present situation to hike prices of foods to exploit Nigerians is alarming.
“Many of them are hoarding goods to create artificial scarcity in order to force the prices up and this is not good for the development of our country.
“I commend the president for this directive and I strongly believe that it will force prices of food down and make it available in abundance.
“The president should continue to braze up against enemies of this nation, who are making life unbearable for the common man”, he said.
Oyintiloye, who noted that the president was doing everything possible to salvage the situation, said whatever the challenges the country is passing through at the moment is temporary.
He urged Nigerians to continue to support the president with prayers, adding that Nigerians will rise again.
On Sun, 4 Feb 2024, 11:45 am Bosun Oyintiloye,
Insecurity: Tinubu needs support,not criticism, APC Chieftain tells Nigerians
Hon. Olatunbosun Oyintiloye, a Chieftain of the All Progressives Congress (APC), in Osun has called on Nigerians to support President Bola Tinubu, in the fight against insecurity in the country and stop negative criticism that can distract him.
Oyintiloye, while speaking with newsmen on Sunday in Osogbo
said that the rate of insecurity in the country was becoming alarming, saying the development called for a sober reflection.
He said that this is a period Nigerians needed to rally round the president and its adminstration to find a common solution to the various insecurity challenges facing the country.
Oyintiloye, a former member of the defunct APC Presidential Campaign Council (PCC), who condemned the recent killings, banditry, terrorism, kidnapping and other criminalities by men of the underworld across the country, said that there was no doubt that the president was doing everything humanly possible to restore peace to the country.
According to him, this is a trying period for all Nigerians, who are saddened with the latest multiple killings and kidnapping ravaging the country.
He said that Nigerians must take solace in God, while government fashion out strategies to address the situation, instead of negative criticism that will not solve the problem.
“No one is happy with the recent killing, banditry, terrorism, kidnapping other criminalities across the country, but negative criticism and names calling by the leaders of the opposition parties is not the way forward”.
“What we need at the critical period is for us as a stakeholders to come together, irrespective of our political affiliation, religious or tribe and give the present administration needed boost and encouragement.
“Security is a collective responsibility of everyone and that is why I am appealing to leaders of the opposition parties to stop playing cheap politics with security issues and narratives that can divide the country”, he said.
Oyintiloye, a former lawmaker commended the president for prompt approval of funds to the security agencies for the purchase of modern equipment to fight insecurity.
He said the recent release of N50 billion security vote to five northern states was a show of commitment by the president to minimise the spate of insecurity, but we need to extent the gesture across the country.
Oyintiloye, who noted that the primary responsibility of any government was to protect life and property of its citizen, said that was the reason why the large percentage of 2024 budget was committed to security.
The APC Chieftain, however, called on the president to look into developing security architectural framework that are community based.
He called for bottom up approach security framework that would integrate every social strata of the society, traditional rulers, religious leaders, non conventional security groups and opinion leaders in assisting security agencies in combating the insecurity in their domains.
Oyintiloye, also urged the president to mandate governors, as as the Chief Security Officer of their respective states to rise to the occasion to nip the insecurity in bud by creating community security network to support conventional security agencies in their various domains.
On Sun, 14 Jan 2024, 12:36 pm Bosun Oyintiloye,
Conduct integrity performance review on cabinet members, APC chieftain urges Tinubu
Hon. Olatunbosun Oyintiloye, the chieftain of the All Progressives Congress (APC) in Osun has urged President Bola Tinubu, to engage in integrity performance review of members of his cabinet in achieving the renewed hope agenda of his administration.
Oyintiloye, a former member of the defunct APC Presidential Campaign Council (PCC) made the call while speaking with newsmen on Sunday in Osogbo.
He said that the integrity review would not only ensure that the renewed hope agenda was not compromised, but also allow for transparency, and accountability by the cabinet members, head of ministries, departments and agencies of government.
It will be recalled that the president, during a retreat for his cabinet members, promised to engaged in a quarterly review of performance of his cabinet members.
This, the president said would be done through the office of his special adviser on Policy Coordination, as head of the new Performance Bond, which contains key performance indicators ( KPI) to monitor and measure the performance of the Ministers.
The former lawmaker said through the integrity review, the performances of the cabinet members would not only be measured by numerical achievements in their various ministries, but rather how the resources committed to their hands were being used for the benefit of the masses.
Oyintiloye said that it was painful that the efforts of the president to alleviate poverty among the masses through various intervention programmes were being jeopardised by greedy and unpatriotic individuals.
He appealed to the president not to allow any selfish individuals to drag his administration and reputation he had built over the years to the mud.
“There is a need to genuinely fight corruption in the system, which will in turn renew the hope of the masses in this present adminstration.
“And that is why the president need to continually engaging in financial integrity review of his cabinet members, who are his foot soldiers in the renewed hope
agenda.
“It obvious that Mr President is passionate and committed in lifting millions of Nigerians out of poverty level and revitalised the economy through its interventions programmes in various ministry, departments and agencies of government.
“But those who are not in the tune with the president in growing the economy and minimise poverty are the ones who see position of authority as a means of enriching their pockets.
“And this is kind of mentality is slowing down the impacts of the various poverty alleviation programmes on the masses”, he said.
Oyintiloye, however, commended the president for the establishment of special presidential panel for the review and audit of existing financial frameworks and policy guidelines of the social investment programmes.
The APC chieftain, who noted that the establishment of the panel was a right step in checking fraudulent activities, said that the level of corruption in the handling of the social investment programmes in the ministry since its commencement was heartbreaking and alarming.
Oyintiloye, also said that the ongoing reform in the Humanitarian Affairs and Poverty Alleviation Ministry to minimise corruption for effective service delivery was commendable.
He said that it was painful that that the humanitarian ministry which was created to see to the welfare of the poor masses in the society had been turned to a money making venture for some heartless individuals.
Oyintiloye said that it was a pity that while the president was working assiduously in ensuring that corruption is reduce to it barest minimum, some people were hell-bent to jeopardise the effort of the president.
Oyintiloye said with avowed passion and commitment of the president to the welfare of the masses, Nigeria is on the path of greatness.
On Sun, 7 Jan 2024, 12:20 pm Bosun Oyintiloye,
Keep eagle eye on poverty alleviation funds, APC chieftain urges Tinubu
Mr Olatunbosun Oyintiloye, a Chieftain of the All Progressives Congress (APC) in Osun has appealed to President Bola Tunubu, to keep an eagle eye on how the funds allocated to different poverty alleviation programmes in the country is being spent.
Oyintiloye, while speaking with newsmen on Sunday in Osogbo, said that the passion of the president to alleviate poverty among the masses must not be allowed to be truncated by selfish individuals.
The APC chieftain said that all necessary strategy must be put in
place to ensure that different poverty intervention programmes by the president have positive impacts on the lives of the less privileged Nigerians
“We have a president that is monitoring everything being done in his government and that why we have absolute trust him.
” We must encourage and support the president to keep eagle eye on these interventions programmes to prevent diversion.
” Since the money is meant to alleviate poverty among the masses, every necessary strategy must be in place to ensure that allocated money have positive impacts on the lives of the less privileged Nigerians”, he said
Oyintiloye, a member of the defunct APC Presidential Campaign Council, however, commended the president on the N150 billion allocated for poverty alleviation programmes in year 2024.
He said said that the allocated amount would go a long way in impacting positively lives of several Nigerians.
The APC chieftain said that the money which was to be spent under the National Poverty Reduction and Growth Strategy (NPRGS) would stabilise and improve the livelihood of the vulnerable masses.
He also noted that the money allocated under the four pillars of macro-economic stability, industrialisation, structural policies/institutional reforms and redistributive policies/programmes of government under the NPRGS, was a development.
It will be recalled that the NPRGS was approved by the Federal Executive Council in 2021 during the administration of former President Muhammadu Buhari to address poverty, particularly in rural areas.
The programme is to run for 10 years (2021-2031), with an estimated implementation cost of $1.6tn at an annual average of about $161bn.
Oyintiloye, a former lawmaker, said that the allocated fund would assist in fighting poverty, create economic growth and employment.
The APC Chieftain, who said millions of Nigerians were living in poverty, stressed that various interventions by the president to alleviate poverty must be commended.
He also commended the president for allocating N10.35 billion to the Ministry of Humanitarian Affairs and Poverty Alleviation to fight poverty in 2024 appropriation law.
“There is no doubt that the economy is not friendly and there is poverty in the land.
“But the tirelessly effort of President Tinubu through various intervention programmes to minimise poverty is commendable.
“The president acknowledged the pains the people are passing through and that is why he and his team are working round the clock to make life more bearable for Nigerians.
“The assurance given by the President in his new message that the economic hardships occasioned by the removal of fuel subsidy will soon be over is an indication that government is not sleeping.
“Also, the president remarks that that every one of his steps and decisions taken since his assumption of office on May 29 is in the interest of the country is a major hope that things will soon be good for Nigerians.
“We all just need to keep praying for the country and continue to play our part to support him to achieve his good plans for the upliftment of the country”, he said.
On Sun, 17 Dec 2023, 12:43 pm Bosun Oyintiloye,
High drug prices: APC Chieftain calls for President Tinubu urgent intervention
Hon. Olatunbosun Oyintiloye, a Chieftain of the All Progressive Congress (APC) in Osun has appealed to the President Bola Tinubu, to urgently intervene in the hike in prices of essential drugs in the country.
Oyintiloye, who made the appeal while speaking with newsmen on Sunday in Osogbo, said that many Nigerians were currently unable to access most essential drugs due to
the extreme high prices.
He said that the escalating prices of the drugs could be attributed to a combination of factors, such as the withdrawal of GSK, a major player in the pharmaceutical industry, the high rate of inflation in devaluation of naira, among others.
Oyintiloye said that the aforementioned factors, among others had made prices of drugs such as amlodipine, augmentin, paracetamol, exforge, Coartem, and other essential drugs to become unaffordable for the common man.
According to him, said the National Bureau of Statistics (NBS) revealed that the value of medicines imported into Nigeria rose by 68 per cent to N81.8 billion between July and September 2023.
Oyintiloye, a former lawmaker, said that the surge in the prices of drugs had placed a significant financial strain on individuals and families already struggling with the harsh economy.
“When the local currency weakens against foreign currencies, the expenses incurred in procuring these essential medical supplies rise, consequently driving up the overall prices of medicines in the country.
“The scarcity or limited availability of foreign exchange exacerbates as ripple effect, forcing manufacturers to compensate by increasing the prices of medicines to cover their higher operational costs”, he said.
The APC chieftain, who commended President Tinubu’s
effort in repositioning the economy, however, said there is urgent need to redouble efforts in the health sector.
Oyintiloye, a member of the defunct APC Presidential Campaign Council, noted that patients struggling with chronic diseases such as hypertension, diabetes, tuberculosis, among others were now find it difficult to cope with the surge in the prices of their medication.
“The way the prices are going up, people who are in need of most of the essential drugs might not be able to afford it and this might increase in death rate in the country.
“Insulin, for instance is now between N12000, and N14,000, and some of the patients might need two or three of it in a month.
” Also, ventolin inhaler for asthmatic patient rose from N2000 to N9,000, and if a patient is earning N30,000 per month, how will he or she cope?.
Oyintiloye appealed to government to drive investments in the health sector, address Forex problem, remove the duty tax on medication, encourage local production and also allow more enabling environment for the pharmaceutical company.
He commended Prof. Mohammed Pate, the Coordinating Minister of Health and Social Welfare for meeting with representatives and Chief Executive Officers of pharmaceutical companies in Nigeria recently to find solutions to the crisis.
Oyintiloye said Pate’s assurance that the federal government was working towards policy actions that may address the high prices of medicines, especially for the most vulnerable Nigerians was commendable.
He said the efforts of President Tinubu in revamping the economy would soon begin to yield positive results.
On Sun, 3 Dec 2023, 11:32 am Bosun Oyintiloye,
Food Inflation: APC chieftain commends Tinubu on 50 per cent subsidy on agric input
A Chieftain of the All Progressives Congress (APC) in Osun State, Hon. Olatunbosun Oyintiloye, has commended President Bola Tinubu, for the approval of 50 per cent reduction in the cost of agricultural inputs for farmers for the commencement of dry season farming in the country.
Oyintiloye said that the subsidy on farm inputs by the president would go a long way in assisting farmers to increase production and boost food availability despite present high inflation in the country.
The APC chieftain said this while speaking with newsmen on Sunday in Osogbo.
It will be recalled that the Minister of Agriculture and Food Security, Senator Abubakar Kyari, had on Nov. 25 said the federal government will support 250,000 wheat farmers with a 50 per cent input subsidy to cultivate about 250,000 hectares during the dry season.
Kyari, disclosed this during the flag-off of the 2023/2024 dry session farming under the National Agricultural Growth Scheme and Agro-pocket Project at Kadume Village, Hadejia Local Government Area, Jigawa State.
He said the FG’s support for the wheat farmers is expected to produce over 1.2 million tonnes of wheat during the farming session.
Oyintiloye, a member of defunct APC Presidential Campaign Council (PCC) noted that the country’s current food inflation, according to the National Bureau of Statistics(NBS) stood at 31.5 per cent.
Oyintiloye, a former lawmaker also said that in the selected food price watch for the month of October as released by NBS shows that the average price of one kilogram of rice local sold rose by 68.10 per cent on a year-on-year basis from N487.47 in Oct. 2022 to N819.42 in Oct. 2023.
He said the NBS statistics further revealed that the average price of one kilogram of brown beans rose by 39.90 per cent on a year-on-year basis from N564.69 in Oct.2022 to N790.01 in Oct. 2023, among other food prices.
Oyintiloye, however, said that the approved farm input subsidy by the federal government was timely, as it would reduced the food inflation in the country.
He said that President Tinubu’s assurance to Nigerians to transform the agricultural sector by making food security the number one priority has started yielding positive results.
“We need to commend President Tinubu for this 50 per cent subsidy on farm inputs.
“This will go along way to boost food and nutrition security, attract private sector investment reduce post-harvest losses, as well as add value to local agriculture produce in the country”, he said.
Oyintiloye said the programme of National Agriculture Growth, which was aimed at supporting farmers through training on good agricultural practices and provide certified inputs would enhance food production.
The APC chieftain said that with the various agricultural interventions by the president, there would be a positive changes in the prices of food and there would be surpluses in the coming days.
He said the president’s passion for food security and his quick intervention on fertilizers, improved seeds, mechanisation and grants in both long and short run would yield a desirable result to ensure that food production round the year.
Oyintiloye, however, appealed to the federal government to relate directly with subsistence and large scale farmers, among other stakeholders in agriculture business through their various associations.
He said this would enable them to access various government intervention programmes without any form of hindrance and make Nigeria self-sufficient in term of agriculture produce, thereby making prices of food items affordable.
On Sun, 5 Nov 2023, 12:58 pm Bosun Oyintiloye,
President Tinubu capable of fixing the economy, APC Chieftain
Hon. Olatunbosun Oyintiloye, a Chieftain of the All Progressives Congress (APC) has said that President Bola Tinubu, is capable of fixing the poor economy situation in the country for the benefit of all Nigerians.
Oyintiloye, a member of defunct APC Presidential Campaign Council (PCC), said this while speaking with newsmen on Sunday in Osogbo.
He said all what the president needed from Nigerian in fixing the economy is a little patience, perseverance, endurance and support from all the citizen.
The APC chieftain urged Nigerians, both home and abroad to have faith in the ability of the president in providing practical steps in solving series of challenges confronting the economy situation in the country.
Oyintiloye, who noted that the president Tinubu had the interest of Nigerians at heart, said that the president knew what the challenges were before he decided to be the president and was adequately prepared for it.
He said although the various economy policies by the President to put the country’s economy on the rightful part might seem painful, but will, at the end put smiles on the faces of the people.
Oyintiloye, a former lawmaker said the hardship Nigerians were presently facing would soon be a thing of the past.
” It is true that the economy is not in good shape and Nigerians are going through a alot, finding it difficult to live a decent life.
” I believe President knew this before he offered himself to govern the country and he is well prepared to tackle all these challenges.
” All we need to do is to continue to pray for the president, support him and be patient. There is no doubt that he is capable to fix the economy.
“President Tinubu is a man with a private sector background. He worked in the banking and oil sector and believe he will use his wealth of experience to fix things.
” The removal of fuel subsidy and the monetary policy of the president will soon put the country on the right part.
” There will be improved electricity , job opportunities, improved security, infrastructure development, housing provision and food security “, he said.
Oyintiloye, who was also the Osun Chairman of the defunct Directorate of Civic Engagement (PCC), while congratulating the President on his victory at the supreme court, said that Tinubu will now have enough time to contrate on governance.
He commended the Judiciary for the landmark judgement, adding that the Judiciary has once again proved itself as the last hope for the common man.
He also commended the president for appointing the best hands in his team to move the nation forward.
Oyintiloye also said that the president should be commended on the mission of Renewed Hope Agenda” for Nigerians.
He said the president genuinely expressed is committed to the renewed hope, when he expressly asked all his cabinet member during a retreat last week to signed a performance bond.
“This show that this government is taking the bull by the horn and putting individual on their toes which will enhance effective performance and delivering of good governance.
” This will further reaffirm confidence of our people in the present democratic process”, he said.
