Ogun State has purchased 100 trucks load of rice to be sold at cheaper rates to residents of the state to cushion the effect of the rise in the prices of goods in the country.

The state governor, Prince Dapo Abiodun stated this on Wednesday while speaking at a stakeholders’ meeting in Abeokuta, the state capital.

Prince Abiodun disclosed that the rice would be subsidized and made available at the rate it was before the recent astronomical rise in the prices of the commodities.

He, however, said the poor, the elderly, and the vulnerable would enjoy free allocation.

“We have decided to give our people foodstuffs like rice, garri, beans. I have ordered almost 100 trailers of rice, they will start offloading them tomorrow (today).

“We have decided that the poor, the elderly, and the vulnerable will be given the rice free of charge, while others will have to buy the rice at the price we formally bought it before the dollar rose very high so that it won’t be a one-off and we can continue till the issue of the dollar is settled,” he said.

Governor Abiodun assured the people of Ogun State that President Bola Ahmed Tinubu is fully in charge and knows what he is doing.

According to him, the President is on top of the situation, adding that Nigerians will soon start seeing the manifestation of the several policies put in place to curtail the rising inflation

He added that the Central Bank Governor, Mr. Yemi Cardoso, at a meeting he had with him, has assured that the dollar would soon fall.

“Everything we are experiencing at the moment is very transient, it will soon pass away. Let me assure you, after I left the meeting we had in abuja, I am convinced that President Bola Ahmed Tinubu is fully in charge. He knows what he is doing”.

“With the plan that he has begun to implement, you will soon begin to see the change. We must remain very hopeful.

“The last meeting I had was with the CBN Governor. He said I should quote him and tell you that, very soon, the dollar will crash,” he said.