In an interview with reporters on Sunday in Osogbo, Oyintiloye said that the majority of Nigerians were underprivileged and went without food. The APC leader claimed that because of the severe economic difficulties, a large number of Nigerians were disillusioned and worried about where they would get their next meal.
Additionally, Oyintiloye pleaded with the president not to disregard the UN's forecast that 82 million Nigerians, or around 64% of the nation's population, may be hungry by 2030. He added that the country's food inflation rate reached a record high of 40.66 percent in May, above the 40.53 percent increase from the previous month, according to statistics from the National Bureau of Statistics (NBS).
Former APC Presidential Campaign Council (PCC) member Oyintiloye claimed that price increases were making common household food products unaffordable for the average person. The APC leader pointed out that even though Nigerians labored hard in a variety of dehumanizing situations, the inflation rate meant that their earnings were still insufficient to maintain their families and themselves.
He claims that, in spite of the nation's wealth of natural and human resources, the country's governments have not been able to effectively stimulate the economy. He claimed that their inability to manage an efficient and self-sufficient economy for the benefit of the general public was due to corruption and an excessive reliance on the system of the government's levels splitting crude oil earnings.
Former legislator Oyintiloye stated that while it was undeniable that the president was attempting to salvage the situation through a number of intervention programs, the results of such interventions were far from improving the circumstances.
According to him, the cost of living for the average person was rising, making a number of food items—including rice, beans, garri, spaghetti, and others—unaffordable for the majority of people.
Oyintiloye said it was regrettable that, despite the president's best efforts, the cost of food and other necessities had been rising. "I would like to strongly recommend that the president issue an emergency declaration about hunger, starvation, and poverty in the nation.
"The president needs to take immediate action because hunger poses a threat to the country's tranquility," he declared. In order to counteract the shrewd tactics of the market traders, Oyintiloye added, the government must implement a price control mechanism.
He claimed that many dealers were abusing the economy by taking advantage of purchasers and that it was critical to rein in their excesses. To address the nation's food crisis, Oyintiloye, however, pleaded with the president to take into account reopening the Benin Republic border for food imports.
According to him, the issue of insecurity keeping farmers from visiting their fields needs to be addressed, along with providing them with subsidized farm inputs and attractive incentives to draw in younger farmers. Oyintiloye encouraged Nigerians to back their president, saying that the nation would prosper once more thanks to several ongoing economic intervention initiatives.