NBS report shows Oyebanji’s agriculture reforms lowering food prices – Ekiti Govt
By Ojo Ayodeji
The Ekiti State Government has described the latest Consumer Price Index (CPI) report of the National Bureau of Statistics (NBS) as proof that Governor Biodun Oyebanji’s agricultural reforms are beginning to yield results.
According to the NBS August 2025 report, food prices in Ekiti eased significantly during the month, with the food index dropping by 6.8 percent month-on-month. The annual food inflation rate was put at 16.8 percent, lower than the national average.
In a statement issued on Wednesday in Ado-Ekiti, Chief Press Secretary to the Governor, Olayinka Oyebode, said the moderation was linked to the state’s heavy investment in agriculture, anchored on youth participation and strategic private sector partnerships.
Oyebode explained that more young people are now engaged in farming, boosting food supply and helping reduce prices. He added that Ounje Ekiti, a flagship project of Ilu Eye Trading Company, has also made direct interventions in food distribution.
He, however, acknowledged that the NBS report also ranked Ekiti with the highest overall inflation in August at 28.2 percent year-on-year, driven largely by housing, transport, electricity, and other non-food categories.
The government expressed optimism that its ongoing ease of doing business reforms, road network upgrades, and community electrification projects will help moderate costs in those areas.
“The administration will continue to strengthen partnerships with private and public institutions and adopt a data-driven approach to improving the lives of Ekiti people,” Oyebode said.
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