By: Bayero Ade
President Bola Tinubu has pledged to reduce Nigeria’s inflation rate, currently at 34.6%, to 15% as part of his administration’s economic reforms.
Speaking during his inaugural Presidential Media Chat on Monday, December 23, Tinubu outlined a series of measures aimed at improving the quality of life for Nigerians. He emphasized the importance of increasing local production, particularly of food, and ensuring that farmers have access to adequate funding and low-interest loans.
“Our strategy is focused on boosting local production, supporting essential imports, and offering affordable financing to farmers,” said Tinubu. “Improved security, as detailed in our budget, will help farmers return to their fields and increase food production.”
The president also highlighted the need to foster local manufacturing, especially in the pharmaceutical sector, by introducing incentives to unlock the country’s potential.
In addition, Tinubu reaffirmed his commitment to reducing the cost of governance as part of a broader effort to drive economic growth, reduce inflation, and create a more sustainable future for Nigeria.
Leave a Reply