President Bola Tinubu has assured Nigerians that his administration is actively implementing measures to tackle the high cost of living, particularly food prices, which he noted is a global issue.
Speaking during the 64th Independence Day national broadcast, Tinubu acknowledged the widespread concern over rising food costs, stating, “The central concern of our people today is the high cost of living, especially food costs. This is a shared concern around the globe as prices continue to rise.”
TINUBU REAFFIRMS COMMITMENT TO ECONOMIC REFORMS
Tinubu also emphasized his administration’s ongoing efforts to reform and stabilize the economy. He highlighted that without correcting fiscal misalignments, Nigeria could face dire consequences in the future. The president revealed that the country’s economic reforms have attracted over $30 billion in foreign direct investment in the past year.
GOVERNMENT APPROVAL FOR EXXONMOBIL-SEPLAT DIVESTMENT IMMINENT
He further disclosed that the government is committed to promoting free enterprise and regulatory processes. He mentioned that the ExxonMobil-Seplat divestment would receive ministerial approval soon, as part of broader efforts to boost oil and gas production and positively impact the economy.
Tinubu concluded by stressing the importance of national unity and peace for the economy to thrive, reaffirming his administration’s dedication to fostering social cohesion alongside economic growth.