The Presidency has asserted that President Bola Ahmed Tinubu’s economic reforms have driven a substantial reduction in food prices nationwide, with claims that inflation in key food staples has fallen between 40% and 55% over a designated period.
In a statement issued by the Special Adviser on Media, the government argued that removal of subsidies, agricultural incentives, investments in supply chain logistics, and renewed support for outgrower schemes have combined to reduce cost pressures across food value chains.
The announcement arrives amid public concern over spiraling food costs, currency depreciation and living standards. While pro-government analysts welcomed the claim as a demonstration of reform dividends, critics remain cautious, citing lagging statistical validation and lingering price disparities across states and rural communities.
Independent economists have called for official data from the National Bureau of Statistics to confirm or refute the magnitude of the drop. They warn that headline reductions may mask hidden costs, quality erosion or localized inflation. Nonetheless, the government’s narrative signals its intent to rally public confidence ahead of upcoming political contests.
