Tinubu Commits to Lowering Living Costs in Nigeria

In his address on Nigeria’s 66th Independence anniversary, President Bola Ahmed Tinubu emphasized that reducing the cost of living will be the central promise of his administration’s next economic phase. He stated that the government aims to tackle expenses that increase prices of food, transport, and other essentials.

Tinubu highlighted initiatives such as expanding mechanized irrigation, improving access to seeds and fertilizers, and investing in storage and transportation infrastructure. He mentioned the importance of connecting farms and factories to markets through better roads, railways, and ports.

The President acknowledged the gap between economic recovery and the daily experiences of Nigerians, expressing his vision of a prosperous country where farmers earn decent returns, factories have reliable power, and essential goods are affordable. He described the current moment as a turning point following three years of difficult reforms, stating, “The emergency treatment is over.

The foundation has been repaired.”.