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USD/NGN 1,325.72 ▾0.3%GBP/NGN 1,773.11 ▾0.3%USD/NGN black market ₦1,385GBP/NGN black market ₦1,845EUR/NGN 1,485.19 ▾0.3%JPY/NGN 8.45 ▾0.3%CAD/NGN 946.68 ▾0.3%

Cost of Living: Abiodun to cut food prices, expand bus fleet

The governor reaffirmed his administration’s commitment to workers’ welfare and policies aimed at improving the living conditions of residents. The post Cost of Living: Abiodun to cut food prices, expand bus fleet…

Aggregated · originally by Premium Times
24 Oct 2026, 21:45 WAT · 3 min read
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Cost of Living: Abiodun to cut food prices, expand bus fleet

Nigeria's cost-of-living crisis, driven by the removal of petrol subsidies and naira depreciation since 2023, has pushed food inflation to its highest levels in decades, squeezing household budgets and prompting state governments to roll out local interventions beyond federal palliative measures. Ogun State, an industrial hub bordering Lagos, has seen its workforce and residents particularly affected by rising transport and food costs tied to its proximity to the commercial capital.

The two reports agree that Governor Dapo Abiodun is responding with measures targeting food affordability and public transport, including a bulk food purchase scheme and an expanded bus fleet, framed around workers' welfare. ThisDay offers more specifics on the bulk-purchase mechanism, while Premium Times emphasises the governor's broader policy commitment to residents' living conditions. Neither report yet details the scheme's funding, implementation timeline, or scale of the bus fleet expansion.