Tinubu promises lower food and transport costs through farm investment

President Bola Tinubu has pledged to reduce Nigeria’s cost of living by lowering agricultural production expenses, improving food supply chains and making it cheaper to move goods from farms to markets. In his Independence Day address, Tinubu said the government would expand mechanised irrigation and dry-season farming while improving farmers’ access to seeds, fertiliser and other inputs. He said the measures were intended to increase output and reduce food prices.

The President also highlighted storage infrastructure as a way to limit post-harvest losses. He said better roads, railways and ports would connect farms, factories and markets more efficiently, reducing the time and expense involved in transporting produce. Tinubu said the administration would work with state and local governments to improve agricultural infrastructure and create conditions in which farmers could produce more at lower cost.

He argued that savings from higher productivity and better logistics should ultimately be reflected in market prices. The plan extends beyond farming. The President said lower electricity costs for manufacturers, faster road transport and fair competition would help reduce the price of goods and support businesses.

Tinubu identified natural gas as a resource that could power industries, revive factories and expand employment. He also promised greater digital connectivity, skills development and improved infrastructure and finance for businesses with the potential to create jobs. The commitments come as the administration shifts its stated focus from foundational reforms towards wider prosperity.

The source does not provide timelines, funding allocations or details of specific projects under the agricultural and transport plans. Tinubu said Nigeria had enough land and human resources to feed itself. He presented the proposed combination of farm support, infrastructure investment and industrial development as the route to improving food availability and easing pressure on households.