Oyo Claims Agricultural Investment Slashed Food Prices!
Reported by Marian Opeyemi Fasesan | Sele Media Africa
The Oyo State Government says strategic investments in agriculture have led to a noticeable reduction in food prices across the state. Commissioner for Agriculture, Barr. Olasunkanmi Olaleye, made the disclosure during a press briefing in Ibadan on Thursday.
What We Know:
- The state cited interventions such as mechanized farming support, distribution of improved seedlings, and access to credit for rural farmers.
- According to the government, food supply has increased due to higher yields in maize, cassava, tomatoes, and poultry.
- Local market surveys reportedly show a 15–25% drop in staple food prices in parts of Oke-Ogun, Ibarapa, and Ibadan zones.
Quote:
“Our deliberate agricultural interventions are not only feeding the people but creating jobs and stabilising rural economies.”
— Barr. Olasunkanmi Olaleye, Commissioner for Agriculture
Why It Matters:
- Offers a subnational model for addressing Nigeria’s food inflation crisis.
- Shows potential for agriculture-led economic recovery through state-level policy.
- Encourages private-sector partnerships in agro-processing and food logistics.
What to Watch:
- Independent verification of food price trends across local markets.
- Long-term sustainability of the interventions beyond subsidy or pilot phases.
- Replication of Oyo’s model by other states in the South West and North Central.
Sources:
- Oyo State Ministry of Agriculture Press Briefing – Oct. 30, 2025
- Market Survey Report – Oyo Agri-Monitor (Q3 2025)
- Farmers’ Cooperative Network, Oyo Chapter – Response Memo
About The Author
Discover more from Sele Media Africa
Subscribe to get the latest posts sent to your email.
