Adeleke moves to tame inflation, approves price control in Osun

Governor Ademola Adeleke of Osun State has approved local approach to tame inflation through commodities’ price control, especially the price of food and other daily needs, supporting the traditional rulers’ efforts in bringing down the skyrocketing prices of commodities in the State.

Describing the efforts as “a local innovation to lower increasing food inflation across the State”, the governor, in a statement issued on Friday by his spokesperson, Olawale Rasheed, expressed joy that traditional rulers in Osun State had acted to regulate food prices and curtail negative activities of middlemen in the market places.

Governor Adeleke, who condemned artificial inflation induced by market middlemen lauded traditional rulers under chairmanship of the Ooni of Ife, Oba Enitan Ogunwusi, for abolishing strange market Associations which induced high food prices.

According to him, the actions of most members of the Osun State Council of Traditional Rulers on price control has assisted the Government in its quest to address food insecurity in Osun State.

Read also: Is the CBN’s inflation strategy sustainable or destructive going forward?

He commended the traditional rulers for impressing on market leaders the need to avoid unnecessary price increase, calling on all other traditional rulers in the State to emulate actions of royal fathers at Ile Ife, Ede, Igbajo, Iwo and others.

He said, “I task our royal fathers to engage market associations and stop exploitation of our people. I read the report of the initiative by the Ooni of Ife. I also read of similar interfaces by the Oluwo of Iwoland and Timi of Ede Land. This approach should be adopted by all royal fathers.

“I am also directing my Special Adviser on Markets to move quickly to support our royal fathers in this new drive to institute traditional price control. The Iyalojas and Babalojas should be integrated into the implementation process,” he directed.

Meanwhile, Governor Adeleke has directed the Food Security Implementation Committee to move faster to ensure realisation of a secured and accessible food supply value chain in Osun State.

He tasked the committee to quickly come up with actionable plans, deliverables and timeliness, noting that food security is a matter demanding urgent attention.