Last Year Bag Of Rice Was ₦100K Today It’s Sold ₦52K That Shows Things Are Getting Stable—Omowaiye

All Progressives Congress (APC) chieftain and Executive Director of Project Implementation at the Federal Housing Authority, Engineer Oluremi Omowaiye, has defended the economic trajectory of President Bola Ahmed Tinubu’s administration, describing current economic hardships as part of a broader global challenge.

Speaking during an interview on News Central TV’s Politics HQ, Omowaiye emphasized that economic pressures are being experienced worldwide pointing to recent widespread protests in countries like France and asserted that the current administration has successfully managed and cushioned the situation in Nigeria.

Addressing concerns over the cost of living and food prices, Omowaiye highlighted a downward trend in key food commodities compared to previous years:

“Let me say this about the hungry relative there’s a global challenge few months a few weeks ago there was a massive protest in France they said they were hungry there it’s a global thing but we must thank the president that we are we’ve been able to manage the situation in Nigeria.”

“And if you look at it this time last year bag of rice was sold for 100,000 Naira but today bag of rice is 52,000 Naira that shows things are getting stable in spite of the global challenge caused as a result of the Iraq Iran crisis that made oil prices went up. You can see that um things are gradually stabilizing. So um the president just need more more time to consolidate on what he’s doing.”

Watch the video starting from 7:57 to 8:42

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