President Bola Tinubu has assured Nigerians that his administration will bring down the cost of living.
Tinubu made the promise on Thursday during his nationwide broadcast to mark Nigeria’s 66th Independence Day anniversary.
According to him, Nigeria has enough land and people to feed the entire nation, stressing that his administration is focused on expanding mechanised irrigation and dry-season farming.
The President also promised that his government would improve access to seeds and fertiliser, increase mechanisation holistically, and invest in storage and transportation.
He added that his administration is building and completing the roads, railways and ports that connect farms and factories to markets.
“Our priority is to bring down the cost of living. We will achieve this by lowering the cost of producing and moving the things Nigerians consume.
“Our logic is simple. When a farmer produces more cheaply, when fewer crops are lost between the farm and the market, when a manufacturer spends less on electricity, when a truck reaches its destination faster, and when the business environment fosters fair competition, all those savings will ultimately find their way into the price of goods in the market.
“But prosperity requires more than cheaper goods. It requires productive work,” the President said.
October 1: Cost of living will come down – Tinubu promises Nigerian