Tinubu Shifts Focus to Cost of Living Reduction in Nigeria

In a speech marking Nigeria's 66th Independence Day, President Bola Ahmed Tinubu declared that the country has moved past its "emergency treatment" phase, shifting focus to reducing the cost of living. He stated that the government's priority is to lower production and transportation costs to make essential goods more affordable.

Tinubu outlined plans to enhance agricultural production through mechanised irrigation, improved access to seeds and fertiliser, and investments in infrastructure such as roads and railways. He acknowledged the ongoing struggles of Nigerians with basic expenses but attributed these challenges to decades of accumulated economic issues.

The president emphasized that while his administration cannot resolve these problems in four years, it can change their trajectory. He also mentioned efforts to support vulnerable households and improve access to education through the Nigerian Education Loan Fund.