October 1: Cost of living will come down – Tinubu promises Nigerian

President Bola Tinubu has pledged to reduce the cost of living in Nigeria during his nationwide broadcast to celebrate the country's 66th Independence Day. Speaking on Thursday, Tinubu emphasized that Nigeria has ample land and manpower to feed its entire population. His administration is committed to expanding mechanized irrigation and dry-season farming to boost agricultural productivity.

Tinubu outlined several measures aimed at improving the economy and bringing down the cost of living. His government will enhance access to seeds and fertilizers, promote holistic mechanization, and invest in storage and transportation infrastructure. Additionally, the administration is constructing and completing roads, railways, and ports to connect farms, factories, and markets efficiently.

The President stressed that his priority is to lower the cost of producing and transporting goods consumed by Nigerians. He explained that when farmers produce more at a lower cost, fewer crops are lost from farm to market, and manufacturers spend less on electricity, these savings will ultimately translate into reduced prices for consumers.

However, Tinubu cautioned that mere cheaper goods are not enough for prosperity. He stressed that it also requires productive work. The President concluded his broadcast by urging Nigerians to remain focused on achieving economic growth and development.