By Uzair Adam
President Bola Tinubu has assured Nigerians that his administration is taking steps to address the high cost of living, which is a growing concern both locally and globally.
During his Independence Day address on Tuesday, he acknowledged that food prices and overall living expenses are at the forefront of national worries.
“The central concern of our people today is the high cost of living, especially food costs,” Tinubu said.
He explained that his government is implementing several measures aimed at alleviating the situation.
Tinubu praised the governors of Kebbi, Niger, Jigawa, Kwara, Nasarawa, and the Southwest for their participation in his administration’s agricultural production program and encouraged other states to follow suit by investing in mechanized farming.
He also highlighted the recent approval by the Federal Executive Council to establish a local assembly plant for 2,000 John Deere tractors and other farm equipment, which is expected to be completed in six months.
In addition to addressing agricultural production, the President spoke on the ongoing energy transition program and plans to expand the use of Compressed Natural Gas (CNG) for mass transit, with government support available for states and the FCT to acquire CNG buses.
While working to stabilize the economy, Tinubu noted the importance of national unity and social harmony, reiterating his commitment to fostering peace and cohesion in the country.