Tinubu pledges to lower food, transport costs through support for farmers

President Bola Tinubu has pledged to reduce the cost of living in Nigeria by lowering agricultural production costs, improving food supply chains and expanding support for farmers, as his administration shifts its focus from economic reforms to widespread prosperity.

Mr Tinubu pledged in his Independence Day address to Nigerians on Thursday.

The Nigerian leader said the government would expand mechanised irrigation, dry-season farming, access to seeds and fertilisers, and investment in storage and transportation infrastructure to boost agricultural productivity and reduce food prices.

He said the administration’s priority was to lower the cost of living by reducing the cost of producing and transporting goods Nigerians consume, while ensuring savings from improved productivity and infrastructure are reflected in market prices.

“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,” the president said.

READ ALSO: My reforms did not create Nigerias economic problems Tinubu

Mr Tinubu said Nigeria had sufficient land and human resources to feed itself, adding that his administration was committed to improving agricultural production and connecting farms to markets through investments in roads, railways and ports.

He said reducing post-harvest losses, improving access to farm inputs, and lowering transportation costs would help make food more affordable for households struggling with rising living expenses.