Senator Adeola empowers 2,557 Ogun farmers with tractors, grants

Senator Solomon Adeola, also the APC governorship candidate for Ogun State, has launched a significant agricultural empowerment program for 2,557 farmers in Ogun State. The initiative, held at the Asade Agunloye Pavilion in Ilaro, distributed essential farming resources, including 10 tractors with attachments, 250 haulage tricycles, 1,500 knapsack sprayers, 8,000 bags of fertilizer, and 1,000 water pumps. Beneficiaries also received seed planters, power tillers, improved seeds, organic fertilizers, other tools, and a N100,000 cash grant each.

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The Federal Government has continued to make significant investments in agriculture through the N100bn National Agriculture Development Fund, the ‘Earn From the Soil’ initiative, the allocation of over N350bn for dam irrigation projects and the acquisition of 2,000 tractors nationwide.

Adeola emphasized that the program aligns with President Bola Tinubu's "Renewed Hope" agenda and the Federal Government's food security objectives. He noted the administration's substantial investments in agriculture, citing initiatives like the N100 billion National Agriculture Development Fund, the 'Earn From the Soil' program, and significant allocations for irrigation projects and tractor acquisitions. The senator also mentioned the establishment of a Ministry of Livestock with planned ranch development in Ogun and six other states.

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The reforms associated with the removal of oil subsidy and the foreign exchange market are yielding expected results and the economy is on a course to sustained growth.

Speaking on the broader economic landscape, Adeola asserted that President Tinubu's economic reforms, including the removal of oil subsidies and adjustments to the foreign exchange market, are yielding positive results. He pointed to data from the National Bureau of Statistics showing a substantial decrease in headline inflation, from 31.70% in February 2024 to 15.91% in June 2026. Adeola suggested this decline, particularly in food inflation, has led to a noticeable drop in the prices of basic food items and a reduction in societal hardship.

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Inflation, particularly food inflation, has been on the downward spiral according to data from the National Bureau of Statistics. From an inflation rate of 31.70 per cent in February 2024, the headline inflation rate stood at 15.91 per cent as of June 2026.