Tinubu promises lower cost of living nationwide via farm boost and infrastructure

President Bola Tinubu told Nigerians during his October 1 Independence Day broadcast that his administration will bring down the cost of living. He said the country has enough land and people to feed itself and promised to expand mechanised irrigation and dry‑season farming, improve access to seeds and fertiliser, increase mechanisation across the value chain, and invest in storage and transportation. Tinubu also said the government is building and completing the roads, railways and ports that connect farms and factories to markets, arguing that lower production and logistics costs will translate into cheaper goods.

For many households, especially those spending a large share of income on food and transport, a drop in the cost of living would free up money for other needs, savings or small‑business investment. The President linked cheaper goods to productive work, suggesting that broader economic gains depend on both lower prices and higher employment.

He did not give specific timelines, budget figures or details on which crops or regions will be targeted first. Nigerians looking to benefit should watch for upcoming announcements on agricultural subsidies, infrastructure contracts and monthly price indices, and consider how lower input costs might affect personal budgeting, farming decisions or business planning.

SOURCE: https://dailypost.ng/2026/10/01/october-1-cost-of-living-will-come-down-tinubu-promises-nigerian/