FG working on measures to reduce food prices, cost of living – Tinubu

"My fellow Nigerians, be assured that we are implementing many measures to reduce the cost of living here at home.

President Bola Tinubu on Tuesday said that his administration is working to ensure a significant reduction in the cost of living across the country, especially as it concerns food costs.

Mr Tinubu spoke in a televised broadcast in commemoration of this year’s Independence Day anniversary.

“The central concern of our people today is the high cost of living, especially food costs. This concern is shared by many around the globe as prices and the cost of living continue to rise worldwide,” the president said.

“My fellow Nigerians, be assured that we are implementing many measures to reduce the cost of living here at home.

“I commend the Governors particularly, in Kebbi, Niger, Jigawa, Kwara, Nasarawa, and the Southwest Governors that have embraced our agricultural production programme. I urge other states to join the Federal Government in investing in mechanised farming.”

The president said the government is playing its part by supplying fertiliser and making tractors and other farm equipment available.

“Last week, the Federal Executive Council approved establishing a local assembly plant for 2000 John Deere tractors, combine harvesters, disc riders, bottom ploughs and other farm equipment. The plant has a completion time of six months,” he said.

Details shortly…