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Sanwo-Olu Offers Lagos Rice At N57,000 Per 50kg

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Lagos State Governor Babajide Sanwo-Olu has revealed that the price of rice has dropped significantly in the market, adding that he is personally ready to sell Lagos-produced rice for N57,000 to N58,000 per 50kg bag.

Speaking at the 60th Annual Bankers’ Dinner of the Chartered Institute of Bankers of Nigeria in Lagos on Friday, Sanwo-Olu cited the falling price of rice as evidence that the country’s inflation outlook is improving.

According to a recent report by The PUNCH, the National Bureau of Statistics, in its Selected Food Prices Watch report for September 2025, said that the prices of beans, garri, maize, tomatoes, beef, rice, and other food items witnessed a slight decrease in September 2025.

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Also, the latest Consumer Price Index from the NBS indicated a slight easing in food prices, with food inflation declining by 0.37 per cent month-on-month.

Speaking at the event, Sanwo-Olu said, “Clear examples about this time last year, we were struggling to buy a bag of rice, today in the same country, in the same market, you go to the price of a 50kg is under N60,000.”

READ ALSO:Sanwo-Olu makes U-turn, Unblocks Lawyer Who Sued Him Over Blocking On X

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Highlighting Lagos production capacity, the governor said he operates the country’s largest rice mill and currently holds a significant stock.

He stated, “In fact, I am the largest… I have the largest rice mill in the country. I’ve got over 200,000 bags, and I was convincing my colleagues a couple of days ago, and I’m ready to sell my… at N57,000, 58,000.”

Sanwo-Olu described the ongoing price decline as a direct benefit to Nigerians, saying, “Real drop in the market. That is real growth, innovation and real growth in our citizens. The reduction in inflation numbers is real and positive.”

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The governor linked the improvement in rice affordability to broader macroeconomic reforms and a more disciplined monetary environment, crediting recent changes for stabilising prices and easing pressure on households.

He continued his remarks by commending the Central Bank of Nigeria’s regulatory stance and its impact on inflation, foreign exchange stability, and investor confidence, while assuring the financial sector of Lagos State’s ongoing infrastructural and economic support.

READ ALSO:Lagos DSVA Unveils Policy To Fight Workplace Harassment

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The governor extended appreciation to President Bola Tinubu for giving the CBN Governor, Olayemi Cardoso, the room to operate.

He said, “I think we should thank the president and commander in chief of the armed forces of the country, for choosing him, but not just for choosing— for allowing him to do the work, for allowing him to play this role.”

Sanwo-Olu reassured the banking industry of Lagos State’s consistent support through infrastructure development, security upgrades, and digital initiatives.

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He told the audience, “We are indeed grateful and happy with the level of relationship we have built, the commitment that we continue to give to you in the bank sector through our investment in infrastructure.”

READ ALSO:I Will Snub Gov Sanwo-Olu Again – Mr Macaroni

He referenced the state’s massive rollout of street lighting as part of its urban security plans:
As you drive back and see how many of the LED solar street lights that we’re placing on your street and your corners.”

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The governor also highlighted the state’s recent success in the financial markets, announcing the oversubscription of its latest bond issuance.

He said, “Just a week ago, as typical of Lagos, we raised the largest sub-national conventional bond. The race went to market to raise N200m. The conventional bond was oversubscribed by over 60 per cent.”

READ ALSO:JUST IN: EFCC Declares Sanwo-olu’s Ally, Lagos Socialite Wanted

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He added that Lagos also floated a green bond:
On another note, we were also the first to raise the green bond and sub-national.”

Sanwo-Olu urged the banking community to continue upholding ethics, innovation, and customer-centric thinking.

Commitment is not only to professionalism, but our commitment also must be to ethical conduct. Must also be customer-centric. We must continue to innovate,” he affirmed.

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Shatta Wale Bailed Burna Boy From Ghana Prison After Arrest For Smoking Weed – Captan

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Ghanian singer, Captan, has claimed that his former record label boss, Shatta Wale, once bailed Nigerian singer Burna Boy out of prison in Ghana after he was allegedly arrested for smoking weed.

Speaking in a recent podcast interview, Captan claimed that Shatta Wale sent him and others to free Burna Boy from police custody.

He also claimed that Shatta Wale and his group once accommodated Burna Boy when he was being hunted by some dangerous men.

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READ ALSO: Wale Edun Opens Up After Sack

Captan said, “I once bailed Burna Boy out of prison in Ghana when he was arrested for smoking weed. Shatta Wale sent me and some guys to go and free him from police custody.

“There was a time we also accommodated him when some people were after his life. We helped him settle the case.”

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He added that he and Burna Boy are no longer in good terms after the Nigerian artist’s fallout with his mentor, Shatta Wale.

He, however, said he and Shatta Wale are open to reconciling with Burna Boy if he asks for it.

Watch the video here

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Children’s Day: Chaos At Ogbe Stadium As Dozens Faint

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Chaos erupted on Wednesday during the Children’s Day celebration as dozens of students reportedly collapsed following a stampede triggered by the use of pepper spray.

The event,
organised by the Edo State Ministry of Education at the Samuel Ogbemudia Stadium was disrupted after some male students of Ihogbe College allegedly made uncompromising advances towards female students at the venue.

‎ A parent who identified himself as Oboh Emmanuel said, “the behaviour of those uncultured students attracted the attention of bouncers stationed at the stadium as they rebuked the male students.”

‎Oboh said the affected students later regrouped and attacked the bouncers, leading to a confrontation within the crowded arena.

READ ALSO:Children’s Day: Edo Commits To Child Protection

It was gathered that in the ensuing confusion, the bouncers were reported to have deployed pepper spray in an area occupied by a large number of students.

‎Several students, particularly female students, reportedly fainted after inhaling the substance, while others sustained injuries after being stepped on during the ensuing melee.

‎The panic was said to have spread across the stadium as students, teachers and parents scampered for safety.

‎Many of the affected students were reportedly rushed to the Edo Specialist Hospital for medical attention.

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READ ALSO: Egor LG Chair, Ogbemudia, Vice, Osawe Impeached

Reacting to the incident, Chief Press Secretary to Governor Monday Okpebholo, Dr Patrick Ebojele, said the security personnel that fired the tear gas had been detained.

He said all the students, except two, that were rushed to the hospital have been discharged.

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Ebojele stated that doctors wanted to observe the students till tomorrow before allowing them to go home.

The two students are not seriously injured. Doctors want to observe them overnight. Permanent Secretary, Ministry of Education is still at the hospital. The man who used pepper spray has been detained.

“The incident did not happen the way it is being exaggerated. All modalities were put in place to ensure the children enjoyed their day.”

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Okpebholo Salutes Edo Muslims, Seeks Continued Support, Prayers

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Governor Monday Okpebholo of Edo State has urged Muslims and all Nigerians to continue to pray for peace, unity and progress in the country even as they celebrate the annual Eid-al-Adha

The governor, who was represented by his deputy, Dennis Idahosa, stated this during the annual Eid-al-Adha celebration with Muslim faithfuls held at Government House in Benin City.

He reiterated his administration’s commitment to fairness, inclusivity and equal opportunities for all citizens irrespective of religion and tribe.

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READ ALSO:ADC Penetrates Okpebholo’s District As Defections Strengthen Party in Edo Central

According to him, the present administration remains determined to building a government that reflects the diversity of Edo State, noting that competent and qualified Muslims have continued to play vital roles in his government because of their capacity, integrity and commitment to service.

“As a government, we remain committed to fairness, inclusivity and equal opportunity for every Edo citizen, irrespective of religion, ethnicity or political affiliation. This is why quality and competent Muslims are serving in key positions in our administration.”

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Okpebholo appreciated the Muslim community in Edo State for their unwavering support and continuous prayers for his administration, noting that such prayers and support have contributed immensely to the peace and steady development being witnessed across the state.

READ ALSO:Okpebholo Felicitates Muslims On Eid-el-Fitr Celebration

He then called on all Nigerians to use the occasion of Eid-al-Adha to pray for the administration of President Bola Ahmed Tinubu, stressing that the country needs collective prayers, unity and cooperation to overcome its present economic and security challenges.

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I urge all Muslims and indeed all Nigerians to use this occasion to pray for our dear nation and for the administration of President Bola Ahmed Tinubu. Nigeria needs our collective prayers, unity and support as we strive to overcome our challenges and build a more prosperous future for all.”

In his remarks, the Chief Imam of Edo State, Abdulfatai Enabulele, applauded the governor for what he described as remarkable developmental strides recorded in less than two years in office.

The cleric commended the administration for ongoing infrastructural development and efforts geared towards improving governance in the state, but appealed to the government to revisit and complete some abandoned projects inherited from the previous administration for the benefit of the people.

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