Tinubu vows to bring food prices, inflation down to 15% in 2025
Nigeria’s President, Bola Tinubu, has vowed that his administration will reduce the prices of food and lower inflation to 15% from 34.60% as recorded in November 2024.
The President made this known in his New Year’s message to Nigerians during the New Year broadcast.
According to him, his administration targets massive food production to lower the prices of food items nationwide and promote the local manufacturing of essential drugs and other medical supplies.
He promised increased access to credit for individuals and critical sectors of the economy to boost national economic output.
“In 2025, our government is committed to intensifying efforts to lower these costs by boosting food production and promoting local manufacturing of essential drugs and other medical supplies. We are resolute in our ambition to reduce inflation from its current high of 34.6% to 15%. With diligent work and God’s help, we will achieve this goal and provide relief to all our people,” he stated.
Tinubu also sought the cooperation and support of Nigerians to achieve the administration’s economic targets in the new year.
“I seek your cooperation and collaboration at all times as we pursue our goal of a one trillion-dollar economy. Let us stay focused and united,” he stated.
Many Nigerians are looking forward to a rejuvenated economy amid glimmers of hope despite the acute hardship faced in 2024.
