Thursday, October 1, 2026 - President Tinubu has declared that bringing down the cost of living remains the priority of his administration, saying the government will achieve this by reducing the cost of producing and moving goods and services across the country.
The President made the declaration in his Independence Day
address to Nigerians as the country marked its 66th anniversarytoday October 1.
‘’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.
We have the land and people to feed ourselves. My government
is therefore focused on expanding mechanised irrigation and dry-season farming,
improving access to seeds and fertiliser, holistically increasing
mechanisation, and investing in storage and transportation. We are building and
completing the roads, railways and ports that connect farms and factories to
markets.
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.
Nigeria is a young country. Millions of young Nigerians
enter adulthood every year with talent, energy and ambition. Our responsibility
is to ensure that this great demographic strength becomes an engine of
production rather than a source of despair.
We are therefore placing jobs, enterprise, and industrial
growth at the heart of our government's policies.''
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