- He pointed to an improved Gross Domestic Product (GDP) and falling prices of essential food items
President Bola Tinubu has claimed that food prices in Nigeria are now declining, providing relief to fasting Muslims during Ramadan, despite soaring inflation and worsening economic conditions.
Speaking on Friday, Tinubu insisted that his administration’s “bold and transformative policies” were beginning to yield results. He pointed to an improved Gross Domestic Product (GDP) and falling prices of essential food items.
“The once-soaring prices of essential food items are now trending downward, providing much-needed relief to our fasting population and all Nigerians,” he said.
His remarks come despite widespread reports of rising costs of living and food shortages across the country. Many Nigerians continue to struggle with the effects of policies such as fuel subsidy removal and naira devaluation, which have pushed millions deeper into poverty.
In his Ramadan message, Tinubu urged Muslims to embrace self-discipline and generosity while reassuring citizens of his government’s commitment to increasing food production.
“As the wet season approaches, we remain steadfast in boosting agricultural productivity. We are determined to enhance food production and ensure food security for all Nigerians,” he said.
However, many Nigerians dispute Tinubu’s claims. The prices of staple foods, including rice, garri, and beans, have continued to rise, while the naira’s depreciation has worsened inflation. The economic crisis has forced many families to reduce their meals, with cases of hunger and malnutrition increasing.
Despite the growing hardship, Tinubu called for unity and optimism, urging Nigerians to pray for the country’s progress.
“I extend my heartfelt wishes to all Muslims observing Ramadan. May the blessings of this holy month illuminate our hearts and homes,” he said.
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