‘I Am Sorry’ –Tinubu Speaks On Controlling Prices To Reduce Food Costs

President Bola Tinubu has dismissed any possibility of price control to bring down food prices in the country.

Naijaonpoint reports that Tinubu, who spoke on Monday during the presidential media chat, said he does not support price control.

According to him, the forces of demand and supply would eventually force prices down.

He remarked, “I don’t believe in price control. I’m sorry. What we have to do is to keep supplying the market.”

Meanwhile, Tinubu has approved ₦95 billion for the rehabilitation of over 16 dams in Kano State, aiming to boost irrigation farming and support agricultural productivity.

The funding also covers the construction of the Eastern Bypass Road, which will improve connectivity between the southern region and Kano city.

Musa Illiyasu Kwankwaso, the newly appointed Executive Director of Finance at the Hadejia River Basin Development Authority, confirmed the development in a statement.

He announced that a technical committee has been inaugurated to assess the state of the dams, including key facilities like the Challawa Gorge Dam and Tiga Dam

“Without mincing words, the inauguration of the technical committee to evaluate the Kano dams, including the Challawa Gorge Dam and Tiga Dam, among others, will enhance irrigation and improve agricultural productivity. This aligns with the efforts of the Hon. Minister Joseph Utsev to maximize these facilities in Kano.

“Similarly, the appropriation of ₦95 billion for the rehabilitation of dams in Kano, secured by Senator Kawu Sumaila from the southern part of the state, underscores the commendable efforts of Mr President.”