In a significant announcement, President Bola Ahmed Tinubu has claimed that food prices across Nigeria have declined, bringing much-needed relief to citizens, particularly those observing fasting.
Taking to its official X (formerly Twitter) handle, Nigerian Stories shared Tinubu’s statement, in which he expressed optimism about the economic situation and reassured Nigerians that his administration is making efforts to ease the burden of high living costs.
“Food prices are now lower, bringing relief to the fasting population and all Nigerians,” the post quoted President Tinubu as saying.
This declaration comes at a time when many Nigerians have been grappling with skyrocketing inflation, rising costs of essential goods, and economic hardship. While some citizens welcome the President’s optimism, others have questioned the claim, urging the government to provide concrete evidence of widespread price reductions.
Amid ongoing debates over the actual cost of food items in local markets, economic analysts argue that while some commodities may have seen slight reductions, staple foods such as rice, beans, and garri remain unaffordable for many low-income earners.
The statement has since sparked reactions across social media, with Nigerians sharing mixed views. Some commend the government for its interventions, while others insist that their daily experiences at the market paint a different picture.
As Nigerians continue to navigate economic challenges, the question remains—has the tide truly turned, or is this a premature declaration?