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    MarketForces Africa » MarketForces News » Food Inflation: South-West Governors to Set up Joint Monitoring Team

    Food Inflation: South-West Governors to Set up Joint Monitoring Team

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiFebruary 13, 2025Updated:February 14, 2026 News No Comments2 Mins Read
    Food Inflation: South-West Governors to Set up Joint Monitoring Team
    Babajide Sanwo-Olu
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    Food Inflation: South-West Governors to Set up Joint Monitoring Team

    The South-West Governors Forum on Thursday said it had become important to checkmate the activities of middlemen that inflated the prices of foodstuffs in the region. The governors took the decision during a meeting in Lagos.

    The South-West Governors Forum was hosted by its Chairman, Mr Babajide Sanwo-Olu of Lagos State. The meeting was attended by Governors Seyi Makinde of Oyo State, Lucky Aiyedatiwa of Ondo State, Biodun Oyebaniji of  Ekiti, Dapo Abiodun of  Ogun, Ademola Adeleke  of Osun and Sanwo-Olu.

    The governors said that the South-West Geo-Political Zone would establish a joint monitoring team to checkmate activities of middlemen in food sales. Sanwo-Olu and the other governors addressed the press after four fours of deliberation.

    The press briefing held at Lagos House, Ikeja. Sanwo-Olu said: “The forum recognises the need for food security, we encourage collaboration within the South-West states.  “We express concerns at the activities of unscrupulous middlemen, who inflate food prices.

    “We will establish a food inflation joint monitoring team.

    “We also discussed about building a logistics hub as a means of ensuring food security; so, we are working collaboratively.” The forum frowned at the activities of the Islamic State West Africa Province (ISWAP) in some part of the zone, saying that it would form for a joint security surveillance team to combat any form of insecurity.

    ” The forum commends South-West governors for maintaining peace within the region particularly during the festive period.

    ” We call on all states to continue to foster peaceful coexistence,” Sanwo-Olu said. He praised the presidency and the National Assembly for establishing the South-West Development Commission.

    “We all collectively agreed to situate the headquarters of the commission at Ibadan – Cocoa House.” He also praised Tinubu for efforts of his administration toward economic stability. He said that the forum also applauded the Federal Government for implementing the students’ loan scheme.

    “We encourage all students in this region to take full advantage of this scheme.” The meeting was a follow-up to the one held in Lagos on June 10, 2024, where Sanwo-Olu was elected the  Chairman. #Food Inflation: South-West Governors to Set up Joint Monitoring Team

    Yield on Nigerian Treasury Bills Falls ahead of Rebase Data

    FOOD INFLATION Sanwo-Olu
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    Ogochukwu Ndubuisi
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    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

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