Gov Sanwo-Olu urges agro, food processing companies to reduce prices in Lagos

The Lagos state Governor, Mr Babajide Sanwo-Olu, has urged farming and food processing companies to reduce their prices during this time of economic hardship as a way of giving back to the society and ensuring food security in Nigeria.

According to him, Nigerians are going through tough times, therefore people’s survival and sustainability should be above profitability at this crucial period.

Governor Sanwo-Olu made this call during a courtesy visit by the Senior Management Team of Olam Agric Nigeria, at the Lagos House, Marina, on Thursday, 1st of August, 2024.

He said:

“Agro and food processing is a critical industry because food security and food systems are as critical as people trying to safeguard either medical security or even sovereign security in times of war. There is no better security these days than food.

“Today, being the first day of August, you can see agitation in some streets in Nigeria as a result of hunger. You (Olam Agric) are in a strategic position, and you have that structure and that capacity. At a difficult time like this, it shouldn’t be only the government reducing costs and providing avenues for people to buy things at a reduced price.

“You must be able to tell your shareholders that you have been in this environment for such a long time, and today it should not be about profit-making. Let us go into this market and just cover our costs and let us pass on. Let the people feel the critical support.” [CONTINUE READING HERE]>>>>