Nationwide food price drop highlights Tinubu’s economic impact — Presidency
President Bola Ahmed Tinubu
Abdullateef Fowewe
The Special Adviser on Media and Public Communications to the President, Sunday Dare, has claimed that the recent significant reduction in food prices across Nigeria is a clear indication of the positive effects of President Bola Tinubu’s economic reforms.
Dare stated on Friday, “Nationwide Food Price Drop — A Testament to President Bola Ahmed Tinubu’s Economic Impact.”
He emphasised that under the current administration, prices of key staples such as maize, rice, beans, onions, tomatoes, and palm oil have decreased by 40% to over 55%.
This development according to him reflects focused government efforts to stabilise the economy, strengthen agriculture, and improve food supply chains.
Dare further emphasised the positive impact of falling food prices across Nigeria, highlighting improvements in affordability, agricultural output, inflation, and purchasing power.
He claimed, “Millions of Nigerians can now access food at lower prices, reducing hunger and promoting better nutrition.”
This improvement, he explained, is driven by “better harvests, improved logistics, and greater support for local farmers,” which have collectively contributed to “reflect better harvests, improved logistics, and greater support for local farmers.”
Addressing the broader economic context, Dare noted that the slowing food inflation is “easing financial strain on households,” while the availability of more affordable commodities means “citizens have more disposable income for other basic needs.”
Summarising the significance of these changes, Dare said, “The drop in food prices is more than just a market adjustment — it is proof that the economic direction under President Bola Ahmed Tinubu is yielding measurable results.”
Key highlights from the current food market trends include a 45–52% price reduction for major staples nationwide, a stable food supply with improved local production, strengthened market confidence, economic stability, and tangible results stemming from government-backed agricultural policies.
